Luisa Beltran

Carlyle eighth U.S. real estate fund raises $5.5 bln

Carlyle Group said Sept. 11 that it has closed its eighth U.S. real estate fund on its $5.5 billion hard cap. The target for Carlyle Realty Partners VIII was $5 billion target. Carlyle Realty Partners VIII invests exclusively in the U.S. residential and commercial real estate.

MidOcean buys Florida Food Products

Kainos Capital said Sept. 11 that it sold portfolio company Florida Food Products to MidOcean Partners. Financial terms weren’t announced. Florida Foods, of Eustis, Florida, makes and formulates vegetable and fruit based ingredients that provide clean label solutions to the food, beverage, and pet nutrition industries. Houlihan Lokey provided financial advice to Florida Food Products and Winston & Strawn served as legal adviser.

Quad Partners Fund V raises $229 mln

Quad Partners said Sept. 10 that its latest fund closed on $229 million, exceeding its $200 million target. Quad Partners V LP has made three investments to date: Cayuse, Watermark, and Rubicon International, which was recently sold to a strategic.

GLP, GIC launch $2 bln China fund

GLP and GIC are establishing a $2 billion China fund that will focus on logistics facilities.

Telereal Trillium, Blackstone to buy Network Rail’s commercial estate portfolio

Telereal Trillium and Blackstone Property Partners are buying Network Rail’s commercial estate portfolio for 1.46 pounds ($1.9 billion). Telereal and Blackstone will hold equal ownership stakes. The portfolio is made up of around 5,200 properties, the majority of which are converted railway arches. Michael Steele and Carlos Gil Rivas of Kirkland & Ellis LP advised Blackstone Property Partners and Telereal Trillium.

EQT Partners consider going public: Bloomberg

EQT Partners is considering an IPO as it looks to strengthen its balance sheet, Bloomberg reported. The Swedish PE firm is also looking at an outside investor as part of a broader strategic review, the story said. EQT, which won’t make a formal decision before the second half of 2019, isn’t considering selling the entire business, Bloomberg said.

Capvis Fund V raises 1.2 bln euros

Capvis said Sept. 11 that its most recent fund closed on 1.2 billion euros ($1.4 billion), exceeding its 1 billion euros target. Investors of Capvis Equity V LP include public and corporate pension funds, insurance companies, sovereign wealth funds, asset managers and family offices. Capvis V will invest in leading mid-sized companies in the Industrial Corridor of Europe (Switzerland, Germany, Austria, Italy, and Benelux). MVision Private Equity Advisers Ltd was fundraising adviser, while Lathan & Watkins acted as legal counsel.

Westhook Capital Fund I raises $140 mln

Westhook Capital said Sept. 11 that it closed its debut fund on $140 million. Westhook focuses on buyouts of U.S based lower middle market companies within the consumer, industrial, business services and healthcare services sectors.

Hargett Hunter, TriSpan buy majority of STACKED

Hargett Hunter and TriSpan have a majority stake in STACKED. Financial terms weren’t announced. Co-founders Paul Motenko and Jerry Hennessy will remain as co-CEOs. STACKED, of Huntington Beach, California, a contemporary casual dining brand, has five locations in California.

PE HUB First Read

To start your morning, South Carolina orders evacuation as Hurricane Florence nears category 5 strength, private equity buys casual dining brand STACKED, and Snap strategy chief Imran Khan plans to step down.