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Firm: P4G Capital Partners Fund: P4G Capital Partners I Target: $200 mln Cap: $300 mln Raised to date: $70 mln P4G Capital Partners, which is raising its debut fund, has a carried-interest structure that lets profits flow throughout the organization rather than stay concentrated with top executives, said Rachel Lehman, managing director. Lehman launched the […]

Onex Corp has so far raised almost US$6.7 billion for its fifth flagship private equity fund, the firm said in a Securities & Exchange Commission filing. The Toronto investor also increased the target for Onex Partners V to US$7 billion from an earlier US$6.5 billion, possibly on the strength of the first close in July. At that time, Fund V had secured US$5.2 billion, or 80 percent of the original goal. With US$6.7 billion in the bank, the fund is already the biggest raised by Onex in its 33-year history. While not yet closed, it is now 17 percent larger than its predecessor, which collected US$5.7 billion in 2014.

Team spun out of GE Capital Debut fund targets lower and middle market Targets companies with enterprise values $15 mln to $250 mln A group of senior executives from GE Capital are in market with their debut fund, targeting $250 million for non-control, middle-market investments, two people with knowledge of the firm told Buyouts. Senior […]

Hellman & Friedman has put Openlink up for sale, nearly six years after buying the company, four sources said. The New York private equity firm hired Centerview Partners to advise on the process, the people said. Founded in 1992, Openlink develops energy, commodity trading and risk management software. Openlink last month promoted Rich Grossi, its chief […]

SEC to maintain independence under Trump administration Agency acknowledges need to protect retail investors SEC to monitor capital call facilities, co-investments, fees and expenses Co-investment and capital call facility disclosures will remain top of mind when it comes to private equity enforcement by the SEC, the regional director for the agency’s San Francisco office said […]

High prices for mediocre assets will “end in tears,” says Friedman FFL IV roughly 60 pct deployed FFL focusing more on small sub-sectors, like optical retail Tully Friedman has seen this movie before. “I’ve operated through four or five of these cycles, and I don’t think it’s even a close call. We’re at a [market] […]

Relationships and buy-and-build strategies remained key tactics in the third quarter among private equity groups eager to find and win good deals. By and large, experts characterized sponsor-driven activity as more of the same in Q3: record valuations, stiff competition and — nonetheless — highly motivated sponsors looking to deploy capital as the industry remains on […]

Birch Hill Equity Partners’ recent wrap-up of its buy of CCM Hockey signals the start of a potentially fierce contest between hockey brands acquired this year by private equity firms. Birch Hill agreed in July to purchase CCM, a storied, 118-year old Canadian hockey equipment maker, from Adidas for US$110 million in cash and a secured note. The Toronto investor told PE Hub Canada the deal closed last month. It marks 2017's third PE acquisition of one or more hockey brands in North America.

Firm targets $400 mln for debut fund Dustin Beck worked at Riot Games, Vista Adam Waglay previously worked at KKR A new firm on the West Coast is getting a lot of buzz among limited partners around its debut fund. The firm, Butterfly Equity, is targeting $400 million for investments in the food industry across […]

Chatham can invest new fund across capital structure Firm led by Melchiorre, formerly of Morgan Stanley New Jersey weighing $200 mln commitment Chatham Asset Management, a long-short hedge fund with roughly $3.2 billion under management, is raising as much as $1 billion for a private equity vehicle for debt-related investments,  a New Jersey Division of Investment memo […]