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New mid-market fund will lend to sponsor-backed companies Represents a follow-up to Carlyle’s BDC Firm expanding private credit capabilities after hiring CPPIB’s Mark Jenkins Carlyle Group is on its way to securing a $150 million commitment from Fresno County Employees’ Retirement Association for a new middle-market credit fund, according to Verus memos released by the county. […]

Kainos Capital is buying Country Fresh Inc, which is backed by EOS Partners, according to two sources. Financial terms were unclear. Country Fresh, Conroe, Texas, produces fresh-cut fruit and vegetables, including sliced apples, carrots and celery, that are sold in supermarkets. SunTrust Robinson Humphrey is providing financing, one source said. EOS Partners invested in Country […]

WL Ross & Co. explores liquidity options in older fund Firm ponders options for its future Founder Wilbur Ross named Commerce Secretary in Feb. WL Ross & Co., whose eponymous founder Wilbur Ross, left the firm to serve as U.S. commerce secretary, has been exploring options for its future. The firm, which has talked about launching […]

Size and differentiation are huge advantages in frothy market Blackstone most active Q1 sponsor, strikes largest U.S.-based deal Deal activity slows as PPMs reach records First-quarter sponsor-led deal flow illustrated that differentiation is more important than ever, as the pool of buyers chasing quality assets continues to expand and valuations remain at record levels. “In […]

ILPA focusing on best practices for capital call loans One issue is how long should uncalled capital stay in the credit lines Use of these credit lines has grown in popularity The Institutional Limited Partners Association wants to make sure fund managers are being transparent with investors about their use of capital-call credit lines and […]

DW Healthcare Partners has signalled an interest in doing more deals in Canada’s healthcare industry with the close of its fourth private equity fund. The Toronto and Park City, Utah, investor today announced DW Healthcare Partners Fund IV raised US$295 million in committed capital. It is the firm’s largest fund to date, exceeding by 11 percent the US$265 million secured by Fund III in 2013. Some 31 limited partners joined Fund IV, Managing Partner Andrew Carragher told PE Hub Canada.

Perot Jr, Brazos execs McGee and Kennealey formed MPK Firm has been active for about a year and a half Firm works with family offices on deals MPK Equity Partners, a partnership of two executives from Brazos Private Equity Partners plus H. Ross Perot Jr, invested in EnergyNet, an online marketplace for buying and selling oil and […]

McBee Associates, the privately held consulting firm serving home-health providers and hospital systems, is on the auction block, according to two sources. Investment-advisory boutique TripleTree has the mandate to sell McBee, the sources said, agreeing that the most likely outcome of the process is a sale to private equity.  McBee ought to attract PE interest […]

High prices and the lack of M&A deals is frustrating some private equity executives and bankers who attended Buyouts’ PartnerConnect East conference. “There is a pause in the M&A market,” said David Brackett, managing partner and co-CEO of Antares Capital. “I expected more M&A right now.” Brackett, who spoke March 22 on the panel “The Latest on Debt […]

Advent International became a news-maker in 2016. Not because of its successful US$13-billion fundraising, but because the venerable firm’s latest fund was oversubscribed at a reported US$20 billion despite not featuring what has been to date a mainstay of private equity funds: the “hurdle” or “preferred return”. In an exclusive PE Hub Canada feature article, Mary Abbott, a partner at Osler, Hoskin & Harcourt LLP, asks: is this the start of a trend?