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Madison Capital’s recent push into technology lending is bearing fruit. The Chicago mid-market lender, which in the first quarter formalized and beefed up what had been an ad hoc approach to technology, has racked up six tech platform deals so far this year, with two more expected to close by the end of October and as many as four more […]

Firm ups Lone Star Fund X target by $1 bln Predecessor fund has made 26 investments Distressed asset specialist raised $7.4 bln for Fund IX Lone Star Funds, the distressed asset specialist, upped its target for its latest flagship pool by $1 billion, with $6 billion now intended for Lone Star Fund X, according to […]

Firm: AEA Investors Fund: AEA Small Business Fund III Target: $350 mln Amount raised: $443.1 mln Law firm: Kirkland & Ellis AEA Investors held a final close for AEA Small Business Fund III with $443 million, 21 percent ahead of its $350 million target, in a rapid fundraise, according to sources. The New York firm […]

CD&R could target at least $8 bln for Fund X Fund to launch later this year or early next year Firm has been a strong performer Clayton Dubilier & Rice has been in discussions with limited partners about its next flagship fund, which could launch later this year or early next year, according to three […]

SEC asks CalPERS for communications with Silver Lake about fees Not clear why SEC needed to go to firm’s LP for information SEC probing Silver Lake on fee acceleration, says WSJ The Securities and Exchange Commission earlier this year subpoenaed California Public Employees’ Retirement System for communications with Silver Lake related to investments it has made with the firm. […]

Chiang: Beneficiaries can see “behind the curtain” of PE AB 2833 clears legislature with unanimous votes Bill goes to Gov. Brown, who has 30 days to decide California’s private equity transparency bill is on its way to Gov. Jerry Brown’s desk, its final hurdle to becoming law. AB 2833, sponsored by Assemblyman Ken Cooley and State Treasurer […]

Only 3.4 pct of North American buyout funds charge 30 pct carry Boston-based firm also sets 9 pct hurdle rate ABRY Heritage Partners targeting $525 mln ABRY Partners will carve out a larger share of investment profits with its debut lower-mid-market fund, fund terms published by Los Angeles City Employees’ Retirement System show. The firm will take […]

SEC finds fault with monitoring-fee disclosure, some expenses SEC says firm failed to disclose certain interest payments Apollo had reserved $45 mln; neither admits nor denies allegations Apollo Global Management agreed to settle with the Securities and Exchange Commission for $52.7 million after the agency alleged that the firm misled investors and failed to protect fund clients […]

First Reserve to ask Fund XI LPAC for one-year term extension Restructuring proposal fails amid tepid existing LP interest in selling Pantheon, ICG walk away from deal First Reserve will request a one-year term extension for its 11th fund after a restructuring proposal for the vehicle fell apart. Such an extension has drawn support from California Public […]

Blackstone Group and New Mountain Capital agreed to invest $570 million of equity in JDA Software Group Inc, the U.S. supply-chain-management company that has been up for sale. JDA did not disclose how the $570 million was split between the two firms. New Mountain, which acquired JDA in 2012 for $1.9 billion, already holds a majority […]