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Regulator takes aim at end-of-fund-life issues, cybersecurity Apollo sets aside $45 mln related to accelerated monitoring fees Executives complain privately but work with regulators The U.S. Securities and Exchange Commission has reached at least $90 million in settlements with GPs since it started scrutinizing the industry in 2012. That amount is small compared to the trillions in […]

Clearspring Capital Partners has secured $260 million for its third private equity fund, Clearspring Capital Partners III, earmarked for investments in mid-market companies in Canada. It is the largest fund in the Toronto-based firm’s 14-year history, bringing total assets under management to more than $500 million.

Arkansas Teacher commits up to $30 mln, receives $10 mln allocation San Francisco, New York State Teachers also see commitments slashed Firm’s debut lower middle-market was oversubscribed Limited partners in Thoma Bravo’s debut lower middle market fund saw their preferred allocations slashed to varying degrees, with some investors receiving only a third of what they’d authorized […]

Gores pre-markets Fund IV Lost at least 15 executives over past two years 10.5x return on Therakos sale Gores Group last year postponed its annual meeting to October from April, a move described by a person close to the firm as a way to complete pending transactions before getting in front of limited partners. Several […]

They may not have Midtown Manhattan buildings named after them (a la the Stephen A. Schwarzman Building at the New York Public Library), or own a version of Edvard Munch’s pastel, “The Scream,” acquired four years ago for more than $100 million by Leon Black. But Alfred Gantner, Marcel Erni and Urs Wietlisbach, co-founders of Zug, Switzerland-based private markets money […]

TA Associates is looking to exit ION Trading after nearly a dozen years, putting its 10 percent stake up for sale, three sources familiar with the situation said. Evercore is advising on the auction, the sources said. While TA owns a small chunk of ION, Chief Executive Andrea Pignataro, who founded the company in 1999, is believed […]

Restructurings are complex, opaque, says SEC official Rozenblit The nature of these processes helped provide ‘cover’ for alleged scheme SEC has increased scrutiny of restructurings Igor Rozenblit, co-head of the Securities and Exchange Commission’s private funds unit in the Office of Compliance Inspections and Examinations, said in a recent speech that the opacity and complexity of […]

Cathay Capital North America is investing in Artisanal Brewing Ventures, becoming the latest private equity firm to invest in craft beer. Cathay will have a minority stake in Artisanal, said David Hoffman, managing partner of Cathay Capital North America. Financial terms weren’t disclosed. The deal closed April 14, Hoffman said. Artisanal used the funds to close its […]

Ardian closed its seventh global fund on $14 bln $10.8 bln of that fund is for secondaries Ardian has not participated in fund restructurings Ardian has billions of dollars to spend on secondaries transactions, but unlike most other secondary firms, it hasn’t directed any of that capital to the growing business of fund restructurings. This […]

New fund can buy stakes in secondaries fund Secondary deals for secondary funds very complicated to price Previous SL Capital funds netting strong returns Standard Life’s private equity unit set a $400 million target for a secondaries fund that can buy stakes in other secondaries funds, among other strategies, according to documents released by the […]