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HgCapital targeting 2 bln pounds, could raise up to 3 bln PSERS commits 95 mln pounds to Fund VIII Target companies: enterprise values up to 500 mln pounds HgCapital will likely hold a first and final close before year-end, a Portfolio Advisors’ memo included in Pennsylvania Public School Employees’ Retirement System documents shows. The firm set a 2 billion pound ($2.37 […]

Leeds Equity Partners LLC, known for investing in the knowledge sector, is merging four companies to focus exclusively on information and compliance solutions. The New York private equity firm said Dec. 7 that it simultaneously acquired BLR (formerly Business and Legal Resources), DecisionHealth, Argosy and CCMI. Financial terms of the deal, which closed this week, […]

Institutional investors are increasingly looking for direct deal opportunities. For private equity firms, what does it mean when your investor client becomes your competitor? According to Osler, Hoskin & Harcourt Partners Mary Abbott and John Groenewegen, it means allowing co-investment rights (and accompanying lower fees) in the hope that large limited partners will decide not to invest directly but rather be alongside the fund as a co-investor.

Silver Lake opens data room for Fund V Described as in pre-pre-marketing phase Target might be more than $10 bln One of the highly anticipated funds expected to hit the market in 2017 will be tech specialist Silver Lake’s fifth offering. And the firm is starting to talk with limited partners about Fund V, opening a data […]

J.H. Whitney Fund VII closed in 2010 Was targeting $700 mln GP-led deals help bolster total activity Goldman Sachs and Neuberger Berman are lead investors in the restructuring of J.H. Whitney & Co’s seventh fund, according to three people with knowledge of the deal. The restructuring was in its election period, one of the people […]

Fundraising has long been about the haves and have-nots, and 2017 will be no exception. Buyouts talked with our extensive limited-partner network about which funds make their blood run hot. Based on that research, we put together a sample of the most in-demand funds coming back to market (or just hitting the market) in 2017. This […]

Crowded field of GPs presents challenge Plain vanilla buyouts less desirable nowaday LPs try to find an edge    LPs faced with a large field of GPs said they’re increasing their efforts to find opportunities ranging from smaller buyout funds to investing with firms that operate without a traditional fund structure. Speaking with Buyouts at the […]

Ross named commerce secretary; now awaits confirmation WL Ross & Co. already had succession plan in place Fundraising could be challenging without Ross WL Ross & Co., the eponymous firm formed by Wilbur Ross, is preparing for its founder’s potential departure for a role in the administration of President-elect Donald Trump. Ross was asked to serve […]

Back in market targeting $750 mln Made several investments in Fund V by final close Park Hill is placement agent Brentwood Associates is back in market with its sixth fund targeting around $750 million, according to a person with knowledge of the fundraising. The consumer-focused firm expects to hold a first close by year-end, the […]

It can be painful for buyout pros to watch a great company that they sold produce a splashy return for the next owner. Great companies are hard to find. Riverside Co, a lower-mid-market shop with offices worldwide, in 2009 produced a 5.1x gross return on the sale of railroad-equipment-repair company Nordco to OMERS Private Equity; it had invested in […]