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Monument Group partner Alicia Cooney talks to Private Equity International about fundraising for mid-market vehicles, larger limited partner allocations to smaller funds, and fair fees. “I think that over the next 20 years there will be multiple ways of delivering the same private investing strategy to different investors, using multiple structures and economic terms,” Cooney says.
The exit will generate a cash on cash return of more than 2.5 times for the two private equity firms.
Taylor-Wharton, an industrial gas storage products maker owned by the Chicago private equity group, has filed for voluntary bankruptcy as the firm reportedly fund raises for its eighth vehicle.
Fundraising period for smaller buyout funds has lengthened amid flood of small company-focused funds seeking capital.
The drug testing lab business has settled claims and is preparing for a possible Chapter 11 filing.
The transportation-focused private equity group names former American Tire Distributors COO to new advisory position.
Private equity firm strengthens its industrials and business services unit with the hire of former American Airlines CEO as a senior advisor
Former Morgan Stanley investment banker Jordan Tongalsen will spearhead the mid-market private equity group’s transaction origination efforts.
With fundraising complete for Blackstone Capital Partners VII, the firm has amassed a total of $85 billion in dry powder.