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Previous fund closed on $3.3 bln in 2014 Firm has invested $8.1 bln in Asia since 1994 TPG Asia led by Timothy Dattels TPG is marketing its latest Asian buyout fund with a $4.5 billion target, according to New Mexico State Investment Council spokesman Charles Wollmann. The State Investment Council committed $100 million to the […]

Post Capital Partners is expected to make about 6.5x its money with the sale of Invo HealthCare Associates, a source said. Wicks Group of Cos said Jan. 9 that it had recapitalized Invo HealthCare. Terms of the deal, which closed Dec. 23, weren’t announced. Post Capital is retaining a minority stake. Founded 1993, Invo, of […]

Davies to stay with Bain as adviser through summer Joined Bain in 1999 Robinson to be sole head of distressed, special situations Stuart Davies, a Bain Capital Credit managing director focused on distressed investing, retired from the firm at year-end, according to a person with knowledge of the firm. Davies will stay on as an adviser […]

First close on Fund III was in March 2015 Firm adds new LPs to third vehicle Popularity of private credit funds on the rise CRG LP, the Houston healthcare investor, held a final close on its third private credit fund, hitting the hard cap of $1.25 billion. The first close was in March 2015, with the […]

Max Chee, Michael Cichowski join Aquiline to develop Tech Growth Fund Tech Growth Fund to make early, growth investments in insuretech, fintech Aquiline third flagship fund closed on more than $1.1 bln in April Aquiline Capital Partners is launching a technology growth fund that will invest in early- and growth-stage companies. The New York private […]

Lee Equity Partners on Tuesday confirmed that it was the buyer of K-MAC Holdings, the Fort Smith, Arkansas, Taco Bell franchisee and restaurant operator. Terms of the deal are unclear. Employing more than 7,500, K-MAC operates 294 restaurants, including 271 Taco Bell, 17 KFC and six Golden Corral restaurants, spread across nine states. K-MAC will continue to […]

Peter Nolan worked at JP Morgan for 14 years Kevin Burke spent 12 years at GE Capital Burke retiring after 40 years in the trade Antares Capital executive Peter Nolan in 2017 takes up the reins as senior managing director, head of loan syndicate sales and trading, after a 40-year veteran in the trade retired, […]

New fund targets $5 bln Vintage VII may back spinouts, management companies Goldman launched fund for management company stakes earlier in 2016 Goldman Sachs may use its new secondaries fund to acquire stakes in private equity management companies, a Minnesota State Board of Investment memo obtained through an open-records request shows. As with previous funds, […]

Vista raises Foundation Fund III cap to $2.75 bln Original cap at $2.5 bln Fund was close to closing in September Vista Equity Partners raised the cap on its third Foundation Fund to $2.75 billion, according to a person with knowledge of the firm. Foundation Fund III, which had been capped at $2.5 billion, is […]

Feeder funds tend to flourish during bull markets. And they are big business yet again. For evidence look no further than iCapitalNetwork, which was founded in mid-2013 and began offering its first products about two years ago. From that start the firm has raised some 50 feeder funds, both single-fund and multifund feeders, from an online network that […]