Jenna Gottlieb
As seen last week with BC Partners, GPs increasingly need to extend investment periods in order to deploy dry powder that languished during the economic crisis.
The firm hired Vincent Daelemans to source and evaluate new investment opportunities in the French and Benelux markets, where the firm sees growing opportunity in the mid-market.
Thomas H Lee will sell most of its stake in Michael Foods to GS Capital Partners, giving the company its third PE sponsor.
Avolon, and its three private equity partners, Cinven, CVC Capital and Oak Hill Capital, intend to capitalise on the current and expected market conditions within the global aircraft leasing sector.
The $29bn pension started investing in private equity last year.
In a capital-starved market, communicating the status of ‘stale unfunded’ commitments to LPs is a winning way to forge strong relationships and free up new commitments.
The commitment is one of several agreed by the Los Angeles pension this year.
The placement agent has denied he 'gave, accepted and failed to disclose gifts' to senior pension executives.
Senator Jack Reed’s amendment would require private equity and venture capital fund managers with more than $100m under management to register with the SEC.
Apax adds to private equity momentum in Brazil, following First Reserve and The Carlyle Group in recent deals.