Featured

Enhanced Equity, Park Hill work on possible revamps Raised two funds since 2005 Narrowed focus to healthcare after executive departure Enhanced Equity Fund, formed in 2005, is exploring restructuring options for its two funds, according to three people with knowledge of the firm. Enhanced Equity, led by Andy Paul and Malcolm Kostuchenko, is working with Park […]

Castle Harlan may still raise fund VI: spokesman Firm chose last year to put off fundraising Fund V raised $800 mln; Fund IV collected $1.16 bln   Castle Harlan Inc, which chose to hold off raising a sixth fund last year, hasn’t decided whether it will restructure its fourth and fifth funds, said Chairman and CEO John […]

OMERS Private Equity tripled its investment in Give & Go Prepared Foods with the recent sale of the Canadian baked-goods maker to Thomas H. Lee Partners. Terms weren’t disclosed for the deal, which closed earlier this month. Reuters previously reported Give & Go's sale could fetch as much as $1 billion (US$800 million).

ONCAP, the mid-market private equity arm of Onex Corp, has made its first new investment in a year, agreeing to acquire commercial roofing company Tecta America for about US$130 million. The deal was struck this month by ONCAP III in partnership with other investors and the company’s management team. The seller is Oaktree Capital Management, a U.S. private equity firm. Oaktree bought Tecta for an undisclosed sum in July 2013.

LPs approved First Reserve Fund XI restructuring Not enough LPs choose to sell as part of the deal Firm to continue discussions with LPs First Reserve’s restructuring of its 11th fund has hit a roadblock. Fund XI LPs recently approved the proposed revamp, which enables current LPs to either sell their stakes in the 2006 fund […]

Trident VII targets $4.5 bln Capped at $5 bln Stone Point sold minority stake in firm in 2012 Stone Point Capital is targeting $4.5 billion for its seventh flagship fund, according to a limited partner with knowledge of the fundraising. Trident VII is capped at $5 billion, the LP said. Stone Point said at its annual […]

New fund to write larger checks for middle market funds Louisiana Teachers’ commits up to $75 mln to Fund VIII Firm’s founder, Jerome Kohlberg, passed away last year Kohlberg & Co set a $2 billion target for its newest private equity fund, according to investment memos obtained through a public-records request. Kohlberg & Co, which closed its […]

Clearlake Capital Group LP expects to make more than 3x its money with the sale of AmQuip Crane Rental LLC, a source familiar with the transaction said. On Thursday, Clearlake said it completed the sale of the provider of rental lifting services to Apollo Global Management LLC. The deal closed July 29. Apollo also finished its […]

$18.4 bln Fund VIII now about 60 pct committed PE funds typically launch fundraising at 70 pct Apollo launches new business unit in Europe Apollo Global Management’s $18.4 billion Apollo Investment Fund VIII is 60 percent deployed, setting up a possible move into fundraising for its next flagship fund. Fund IX is “looming somewhere on the horizon,” […]

Patrick joined Bain last year to launch impact business Bain’s business targets overlooked, distressed areas Impact-investment volume reached $15.2 bln in 2015 Bain Capital launched a fund to be run by former Massachusetts Gov. Deval Patrick that will invest across asset classes to target distressed communities, according to a regulatory filing. The fund, Bain Capital Double […]