handing out money (1)

Lee Equity offers LPs chance to sell Fund I stakes at premium

Lee Equity Partners is restructuring its first and only fund, giving limited partners the option to sell their interests at a premium to net asset value or to roll into a new vehicle that will house the remaining portfolio companies, according to three people with knowledge of the process.

paying (1)

Kelso & Co offers exit to LPs in Fund VIII

Kelso & Co is offering limited partners in its eighth fund the option to sell their interests at 100 percent of net asset value (as of December 31), according to three people with knowledge of the situation.


Quantum Energy Fund VI raises $4.45 bln

Quantum Energy Partners said Wednesday that it closed its most recent fund at $4.45 billion, which includes GP commitment and other affiliated entities. Quantum will invest most of its capital in the oil and gas upstream sector while also seeking investments in the oil and gas midstream, oilfield services and power generation sectors. Park Hill Group LLC served as a placement agent for Quantum Energy Partners VI.

increase (1)

Clearlake hikes cap on hot Fund IV

Clearlake Capital Group has bumped the hard cap on its fourth flagship vehicle to $1.36 billion amid heavy demand from limited partners, according to two people with knowledge of the firm.

euro (1)

Clessidra nears 500 mln euros for first close on Fund III

Clessidra Capital Partners, an Italian manager that has been in talks to buy a majority stake in fashion house Roberto Cavalli, is approaching 500 million euros ($543.6 million) for a first close for its latest flagship fund, according to a person with knowledge of the fundraising.


SC Capital Partners closes real estate Fund IV on $850 mln

SC Capital Partners has closed its fourth real estate private equity fund on $850 million. Real Estate Capital Asia Partners IV LP held its final closing on Dec. 5, 2014 after three months in the market. Park Hill Group worked as placement agent for the fundraising.


Online PE marketplace iCapital Network racks up $9.25 mln

Online private equity platform iCapital Network has received $9.25 million in funding. The investors included Credit Suisse’s private fund group, Eaton Partners, Park Hill Group, Evercore’s private funds group, Pivot Investment Partners, Monument Group, Capstone Partners and Gen II Fund Services.

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