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Nautic heads for cap on Fund VIII Fundraising much easier than prior fund Firm has “turned it around” says LP Nautic Partners is on track to hit the $900 million hard cap on its eighth fund, which has been in market targeting $800 million, according to two limited partners with knowledge of the firm, as […]

Firm: Welsh, Carson, Anderson & Stowe Fund: Welsh, Carson, Anderson & Stowe XII Target: $3 bln Hard cap: $3.5 bln Amount Raised: $3 bln Placement Agent: Asante Capital Group Legal Counsel: N/A Welsh, Carson, Anderson & Stowe held an interim close on its 12th flagship fund’s $3 billion target last week, two sources told Buyouts. The firm will keep Welsh, Carson, […]

Here are the key statistics in private equity fundraising, deals and exits for the fourth quarter of 2015. Download the “Buyouts Insider Q4 2015 Highlights” slide show as a PowerPoint: Buyouts Insider Q4 2015 Highlights

Jeff Horing, co-founder and managing director at Insight Venture Partners, thinks the IPO environment may improve toward the end of 2016 if the markets can recover. “I suspect there are a lot of substantial private companies that could be candidates. I think our world of tech/software PE will remain aggressive and competitive,” he said. *** […]

The Blackstone Group had a very busy 2015. The New York-based asset management firm was the year’s single busiest deal-maker, deploying more capital than any other buyout shop, according to data from Thomson Reuters. For the year, Blackstone posted 16 U.S. private equity M&A transactions with a combined total value of $21.7 billion, Thomson Reuters said. […]

Lauren Dillard named head of Solutions Group Jacques Chappuis steps back into advisory role AlpInvest pulled two funds off market this year Carlyle Group announced Tuesday the head of its Solutions Group, Jacques Chappuis, stepped back into a senior advisor role after leading the group since early 2013. Chappuis is being replaced by Lauren Dillard, […]

Is the much-discussed private equity portfolio of California Public Employees’ Retirement System performing even better than widely thought? An examination of the performance and cost figures that CalPERS released late last month on its private equity program suggests that it is. Revelations include: Realized deals are outperforming the rest of the portfolio, suggesting untapped value in the unrealized portfolio. […]

Side letters have become widespread in PE Bain allows only necessary legal, regulatory terms Third Asia fund closed this month on $3 bln Bain Capital took advantage of the popularity of its third Asia fund, recently closed at its $3 billion hard cap, to limit what investors could put into side letters. The firm has done this before with its Asia funds. […]

Special purpose acquisition companies, or SPACs, have recently broken ground in Canadian IPO markets, raising close to $1 billion. Torys' Partners John Emanoilidis, Rima Ramchandani and Mile Kurta discuss the opportunities presented by Canadian SPACs, and the challenge they face in sourcing and closing a quality acquisition in a tight timeline.

Firm: Searchlight Capital Partners Fund: Searchlight Capital II, L.P. Target: $1.5 bln Hard cap: $1.8 bln Amount Raised: $1.9 bln Placement Agent: Park Hill Group Searchlight Capital Partners is set to close its second fund on its increased cap of $1.9 billion, according to two people with knowledge of the fundraising. The close could happen […]