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LPs most focused on GP commitments to their own funds LPs also concerned about carry distribution Not too focused on ESG, ILPA principals More than anything, limited partners want their GPs to kick in meaningful amounts of their own capital into their funds. On the other hand, investors don’t seem concerned about inclusion of ESG […]

Firm: Crescent Capital Group Fund: Crescent Mezzanine Partners VII Series Amount Raised: $3.54 bln Placement Agent: First Avenue Partners Crescent Capital Group, the Los Angeles specialist in junior capital investments, raised more than $3.5 billion for its seventh mezzanine fund, the largest in the firm’s 24-year history, filings showed. The fund comes as prospects for corporate […]

Partners Group U.S. direct contribution product launched in 2015 Firm taking part in industry discussions Partners Group working to add liquidity options Partners Group has been weighing options to give defined-contribution retirement plans – which have trillions of dollars of assets — improved access to alternative investments, according to a source. The Swiss firm, with $55 […]

AreaOne Farms is nearing the finish line with its third Canadian farmland private equity fund thanks to institutional investors eager to gain access to agricultural assets. AreaOne Farms Fund III is expected to meet its $100 million target in a close at the end of December, Joelle Faulkner, president and CEO of AreaOne Farms, told PE Hub Canada. The Toronto firm updated Fund III’s target due to enthusiasm shown by potential institutional LPs, at least two of which are expected to join repeat LPs, mostly high-net-worth investors, in the close.

What could be simpler than calculating a fund’s investment multiple? Investors know how much cash a fund has drawn down: cash in. They know how much has been distributed: cash out. They know the value of the investments that have yet to be realized: net asset value. Add cash out to NAV. Divide by cash […]

No negative relationship between turnover and performance Turnover gives firms chance to sweep out underperformers Makes room for skilled, productive new talent Talk to any limited partner and one of the major concerns about GP relationships you will hear is team stability: There’s nothing like a major departure from a private equity firm to keep […]

Principal at firm with at least $1.1 bln averaged $567,857 VPs averaged $380,833 Principals got an average of 2 pct carry The average cash compensation for mid-level executives at middle-market private equity firms in 2015 was $456,904, as reported by 22 respondents in a survey earlier this year by Private Equity Principal Group. Cash compensation (salary and […]

Weymouth joined Riverstone in 2007 She helped build firm’s LP relations, fundraising capabilities Riverstone currently raising Fund VI with $8 bln target Elizabeth Weymouth, a partner at Riverstone Holdings who leads fundraising efforts, is leaving the firm, two sources with knowledge of the situation told Buyouts. When Weymouth will leave Riverstone is unclear. She still has […]

New fund targeting $950 mln, $1.1 bln hard cap Pennsylvania Public School Employees’ re-ups $200 mln Firm nets aggregate IRR of 16.8 pct on prior funds LLR Partners is poised to hold a first close on its fifth flagship fund this month, with a final close planned for the second quarter, according to a Portfolio […]

SkyBridge Capital, the alternative-investment firm founded by Anthony Scaramucci, is up for sale, three private equity sources said. It’s unclear whether SkyBridge has hired an investment bank yet. The New York fund-of-hedge-funds has $11.8 billion in assets under management or advisement as of Oct. 31, the firm’s website said. Scaramucci founded SkyBridge in 2005 and […]