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Teal Natural Resources launches with $125 mln New firm Pearl Energy is a backer of Teal NGP funded Teal Natural from Fund XI Teal Natural Resources sees plenty of opportunities to snap up high-quality assets in the Eagle Ford shale of Texas and other areas with equity checks in the $5 million to $50 million […]

Platinum preps Fund IV with $4.5 bln target Fund has no cap yet Fund to launch this month Platinum Equity is set to launch its fourth fund targeting $4.5 billion, according to a person with knowledge of the firm. Fund IV does not yet have a cap, the person said. Fund IV could officially launch […]

Some emerging markets LPs ask for tough key-man provision Provision would classify unresolved key-man issue as “for cause” event Could lead to loss of carried interest for GP Some emerging markets limited partners are asking for a “draconian” provision meant to punish managers who don’t resolve key-man issues, according to panelists at a recent conference […]

Clayton Dubilier & Rice LLC is poised to more than quadruple its money with the IPO of SiteOne Landscape Supply Inc. Shares of SiteOne surged 27 percent to close at $26.67 on May 12 on the New York Stock Exchange. SiteOne sold 10 million shares at $21 each on May 11, the midpoint of its price range. CD&R’s investment in […]

Novacap, one of Canada’s oldest private equity firms, has surpassed the target set for the final close of Novacap Industries IV, raising the largest partnership in its history. Montréal-based Novacap announced on Wednesday that Fund IV secured $470 million in committed capital. That’s 11 percent more than the fund’s goal of $425 million.

Firm manages 11 portfolio investments GP sees opportunity in health care data streams Firm has invested its own capital in deals   Skyway Capital Partners, a lower-middle-market buyout firm with 11 portfolio investments, ranks healthcare as a key focus of its hunt for companies posting Ebitda of $1 million to $7 million. Bryan Crino, president of […]

First Reserve close to settlement with SEC Issues include expenses at portfolio company Senior-adviser fees should have been offset against management fee First Reserve agreed to reimburse its investors $12.7 million and pay a $5 million fine to settle a Securities and Exchange Commission investigation  into various fee and expense practices, according to an LP with […]

Ranks as largest-ever infrastructure fund Surpasses $8.3 bln predecessor Firm has at least one top quartile fund Global Infrastructure Partners quietly broke its own record for the largest infrastructure fund ever raised with $10.8 billion in commitments for its third pool, according to filings. The New York and London-based private equity firm headed up by […]

Business Development Bank of Canada has recruited a seasoned investment pro to help it carve out a role in Canada’s under-served growth equity market. Last month BDC Capital brought on Elmer Kim as vice president, growth equity. The hire puts Kim at the head of a new investment platform, BDC Capital Growth Equity, intended to focus on the minority equity-financing needs of mature small and medium-sized companies.

Firm: Francisco Partners Fund: Agility Fund Target: $500 mln Francisco Partners Management LP recently told its limited partners it’s launching a new fund, called Agility, with a $500 million target aimed at smaller tech deals, according to sources. The size range of deals on which the Agility fund will focus is unclear. A spokesman for […]