Kirk Falconer

Grafine, led by ex-Riverstone partner, unveils $500m fund to help LPs invest directly

Weymouth, a Riverstone partner for 10 years, established Grafine in 2019 with a highly innovative strategy of both investing in GP teams and facilitating direct deals for LPs.

DOWNLOAD: North American private equity fundraising continues record surge in H1

North American PE firms raised more capital in H1 2021 than in any other first-half period since the financial crisis.

BCI private equity outperforms last year, continues push to directs

BCI generated a one-year return of 24.4 pct on its PE investments at the end of December, compared with a benchmark of 13.9 pct.

Emerging manager Seaside doubles team size, continues hiring spree

Originally a deal-by-deal investor, Seaside wrapped up marketing for Fund I in December and closed it in February at $160m.

Private equity's first (amateur) astronaut goes into space

Mark Bezos, Amazon founder Jeff Bezos' brother, in 2019 established HighPost Capital, an investor in mid-market consumer-focused businesses, alongside David Moross.

Law firm bankroller Kerberos targets $300m for third credit fund

Kerberos' Fund I and II were as, of Sept. 2020, earning a 28.7% gross IRR and a 28.3% gross IRR, respectively, according to an Arkansas TRS report.

Avesi Partners, led by former Lindsay Goldberg exec, closes Fund I in a jiffy

After the challenges of last year’s virus-roiled market, first timers like Avesi seem to be riding the crest of much stronger fundraising conditions in 2021.

Eldridge makes major commitment to Investcorp’s $750m GP stakes strategy

Investcorp’s Strategic Capital Group, launched in 2019, is led by Anthony Maniscalco, formerly co-head of Anteil Capital Partners, Credit Suisse’s GP stakes business.

Auvik nabs $250m from Great Hill, Celtic House retains stake

Waterloo, Ontario-based Auvik, a provider of cloud-based network management software, has secured a $250 million investment.

Patterson vs OMERS: a rare glimpse inside a pension’s direct PE incentive plan

The lawsuit may be a cautionary tale for institutions that invest directly and have – or are looking to create – incentive schemes to attract top PE talent.