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Jon Biotti, Charlesbank Capital Partners, Nonantum Capital Partners, private equity
Nonantum Capital targets $250 mln Will focus on founder-owned businesses Joined by David Ganitsky, a principal at Charlesbank Jon Biotti, a managing director at Charlesbank Capital Partners, left to start his own firm with the support of the Boston shop, three people told Buyouts. Biotti is forming Nonantum Capital Partners, which will target $250 million with a […]
OpenGate, private equity, Andrew Nikou, emerging managers, private equity, Jay Yook, Robert Lezec
OpenGate could raise $500 mln or more Not clear whether it’s officially in market Raised $305 mln in 2016 OpenGate Capital, formed by an ex-Platinum Equity executive, is eyeing $500 million for its second fund, sources told Buyouts. It’s not clear whether the firm is officially in the market. One source said OpenGate could raise […]
Gores Group, Alec Gores, private equity
Firm to invest Gores fortune on deal-by-deal basis No immediate plans for new institutional fund Searches for investment with second SPAC Gores Group has gone through some big changes over the past few years, as the performance of the main funds struggled and executives have left to start their own shops. For the immediate future, […]
Leon Black, Apollo Global Management, PlayAGS, gambling, private equity, IPO
Hybrid PE, illiquid credit product would be run by existing staff Firm prepares to launch next natural resources fund Flagship funds continue focus on public companies Apollo Global Management is considering launching a hybrid product that would combine a focus on private equity and illiquid credit, the firm’s executives announced during its fourth quarter and […]
Morgan Stanley Capital Partners, Alan Jones, private equity
Jones departure won’t trigger key-man provisions Sack to become sole head of MS Capital Partners Group closed latest mid-market fund last year Alan Jones, co-head of Morgan Stanley Capital Partners, is moving to a senior advisory role and will leave the bank at year-end, a source close to Morgan Stanley confirmed. Jones will stay through […]
TriWest Capital Partners had an eventful 2017. The Calgary firm, a 20-year veteran of private equity investing in Western Canada’s mid-market, made two new platform investments, did a handful of add-on deals, and closed full or partial exits from three portfolio companies, one of them in a high-profile initial public offering. Additionally, TriWest Capital Partners Fund V, which raised $500 million in 2015, reached its halfway point in deployments. PE Hub Canada sat down with Senior Managing Directors Cody Church and Mick MacBean to discuss recent deals and how TriWest is navigating today's challenging market environment.
Webster Capital, healthcare, merger, M&A, private equity
Trivest invested in PPR through Fund V Piper Jaffray runs process for nurse-staffing firm PPR peer Medical Solutions scored ~$500 mln valuation in 2017 secondary buyout Trivest Partners is looking to exit its investment in travel-nursing agency PPR Talent Management, three sources said. A sales process for the Jacksonville Beach, Florida, company kicked off a while back, […]
Wade helped launched Madison Capital in 2001 Madison provides financing for PE sponsors Klimmeck, a senior managing director, retired in 2017 Madison Capital Funding, one of the largest mid-market lenders, finalized its succession in a plan that will see the departure of the last of its co-founders. The Chicago firm said Monday that CEO Hugh […]
Firm told LPs about deal in the fall RDV manages DeVos family fortune Betsy DeVos is education secretary Aea Investors sold a piece of its management company to the investment firm managing the fortune of the DeVos family, sources told Buyouts. Aea is one of numerous firms that in the past few years have sold […]
Bain Capital, private equity, impact investing, Deval Patrick
Bain Double Impact Fund closed last year on $390 mln Investments are “tracking well”: Patrick Fund is structured like a traditional PE pool Deval Patrick, a senior executive on Bain Capital’s impact investment fund, wants to find a way to tie carried-interest awards to the level of societal or environmental impact of such investments, he told an […]
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