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The long-expected sale of Millennium Trust Co isn’t happening just yet, according to three sources. Millennium Trust is currently pursuing a dividend recap in lieu of a sale, people said. The Oak Brook, Illinois, company is taking on more debt to fund the payout to its shareholders, which include majority owner Parthenon Capital Partners, two […]

Large investors, first-close LPs offered significant discounts Open-ended infra fund expected to hold first close on $7.5 bln in March Saudi Arabia PIF invests through parallel structure Blackstone Group is offering fee discounts to limited partners who participate in the first close of its $40 billion, open-ended infrastructure fund, according to a Courtland Partners memo. […]

AlpInvest GP-stake fund could exceed $500 mln Led by Sean Gallary Strategy picks up on growing trend AlpInvest Partners is targeting at least $500 million for a fund that will buy minority stakes in GP management companies, sources told Buyouts. The fund is in the market now, said one LP who has heard the pitch. The […]

For Canada’s private equity market, 2017 was the most active year in a decade. While the vast majority of deals were mid-market in nature, the headlines focused on a handful of large-caps. They included last year’s proposed buy of Husky IMS International by Platinum Equity and the completed buy of DH Corp by Vista Equity Partners, the two biggest Canadian PE deals since 2014. They helped Canada’s top 10 private-equity deals in 2017 together account for disclosed values of more than $22 billion. That's up 88 percent from the $11.7 billion captured by the top 10 deals in 2016.

Crestview talking to LPs about Fund IV Could target $3.5 bln Fund III closed on more than $3 bln in 2015 Crestview Partners is talking to limited partners about its next flagship fund, which could target $3.5 billion but could seek more than that, sources told Buyouts. No target or cap has officially been set and the […]

Sagard Holdings, an investment arm of Power Corp, has raised about $325 million (US$260 million) in the first close of a debut credit fund managed by former members of Canada Pension Plan Investment Board’s private debt group. Sagard Credit Partners LP, earmarked for loans to North American mid-market companies, secured more than half of its $625 million (US$500 million) target in the initial close. It is expected to wrap up by the end of 2018, Sagard Managing Partner and CIO Adam Vigna told PE Hub Canada. SCP, Sagard’s first fund marketed to third-party investors, was anchored by Canadian limited partners.

Tested market for $300 mln fund in summer Partners didn’t want to wait out two-year-plus fundraising Firm to manage four remaining investments Private equity firm NewWorld Capital Group, formed in 2009 to invest in environmental services including clean energy, waste management and other related markets, is winding down its business. The New York firm decided […]

Beekman invested in jet-ambulance provider in 2012 Company held discussions with both sponsors and strategics Wells Fargo process for REVA peer, Vistria’s Angel Medflight, has yet to produce deal Beekman Group shelved its sales process for REVA Inc, choosing instead to pursue a potential recap of the jet air-ambulance company, Buyouts has learned. The Fort Lauderdale, Florida, company was […]

Could start marketing Fund VII as soon as Q1 Expected to target at least as much as Fund VI Has already deployed up to three quarters of Fund VI Vista Equity Partners has quickly deployed about three-quarters of its sixth fund and will likely start to raise its seventh this year, three sources told Buyouts. It’s […]

Mina Nazemi now head of co-investments at Barings Brings lower-mid market, emerging managers expertise Separate-accounts manager Aldea spun out in 2016 The five-member investment team of Aldea Capital Partners has joined Barings Alternative Investments, including co-founders Mina Nazemi and Patrick O’Hara and director Allen Ruiz. “The Aldea team has been integrated into the Barings platform,” Nazemi told Buyouts. She said the move will allow them to […]