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An auction process for Parthenon Capital-backed healthcare-engagement company Eliza Corp is underway, according to five sources familiar with the matter. Middle-market-focused Parthenon retained William Blair to explore a potential sale of Eliza in the fall and a process was formally launched this year, sources said. Management presentations were expected to take place in February, one source said. […]

Lovell Minnick Partners acquired a minority stake in Trea Asset Management, its first investment in a European company. Terms of the deal, which closed Feb. 17, weren’t announced. Carlos Tusquets, chairman and founder, as well as Vice Chairman Ramón Betolaza and CEO/CIO Antonio Muñoz, retained a majority. Trea, of Barcelona and Madrid, has 2.8 billion euros […]

Silver Lake targeting $12.5 bln for Fund V Strong returns despite willingness to pay higher multiples: adviser Idaho approves first commitment to Silver Lake Silver Lake funds delivered $23.2 billion of profits through Sept. 30, 2016, an investment presentation obtained by Buyouts via public-records request shows. The total includes realized and unrealized investments across the […]

Middle-market private equity firms are expected to vie for Paymetric Inc, the electronic-payments-software firm put up for sale by Francisco Partners. William Blair is advising on the Paymetric auction, which is in the early stages, four people with knowledge of the process told Buyouts. Francisco Partners is seeking $500 million for Paymetric, the people said. […]

Dunes Point launched in 2013 Tim White left GSO to launch firm Fund I could target up to $600 mln Dunes Point Capital, formed by ex-GSO Capital Partners executive Tim White, is talking to limited partners about launching its first fund, according to a person with knowledge of the firm. White formed Dunes Point in 2013 […]

CS names McDonald to head global secondary advisory Sees $35 bln to $40 bln in secondary deals in 2017 Works with LPs on GP-led transactions Credit Suisse appointed Mark McDonald head of the global secondary advisory team in January. McDonald will work with Chris Areson and Gordon Appell, who will co-head the Americas business, and Jonathan […]

Gladden managed growth, venture relationships Responsibilities being assumed by Brijesh Jeevarathnam Relationships included Bain Capital Ventures, Summit Partner Tom Gladden left fund-of-funds manager Adams Street Partners at the end of 2016, according to the firm. Gladden spent more than 14 years at Adams Street, where his responsibilities included sourcing, analyzing and monitoring investments in private equity partnerships in […]

RLJ Equity Partners, led by Robert Johnson, the billionaire founder of Black Entertainment Television, is on its way to raising a second fund, having secured $103 million in a June first closing. Those re-upping from among the 12 debut-fund backers include Boeing; GE Asset Management, acquired last year by State Street; Muller & Monroe Asset […]

Canada’s pension funds are among the world’s biggest investors in private equity, according to a new report. Preqin’s The Private Equity Top 100, issued today, found that three of the 10 largest PE limited partners are Canadian. Sitting atop the list is Canada Pension Plan Investment Board. CPPIB, which invests on behalf of Canada’s public retirement system, earned the ranking with a current PE asset allocation of about US$44 billion, Preqin said. That’s just ahead of Abu Dhabi’s sovereign-wealth fund, which oversees a pool of about US$40 billion.

Carlyle targets $100 bln in fundraising over next few years Approaches investments with caution but stays active Sees strong LP appetite for alternatives Uncertainty around the Trump administration’s policies has not kept Carlyle Group from deploying capital, senior executives said during the firm’s first-quarter-earnings call. Some GPs have said anecdotally that the results of the […]