Steve Bills

Five Questions With Rory O’Neill, Managing Partner and CEO, Castlelake LP

Exits top new deals in finance sector, study finds

With deal flow slow in a sluggish economy, buyout shops for a second year are selling more portfolio companies than they are buying in the financial sector, investment bank Freeman & Co LLC reported.

GTCR seeks $500 mln fintech platform with operating pro Bergeron

By partnering again with fintech veteran Douglas Bergeron, GTCR LLC is looking for areas of financial technology where it can develop a global leader, said Collin Roche, a managing director at the Chicago buyout shop.

PIKs return, but it's different this time

PIKs are making a comeback, as more companies issue bonds with payment-in-kind features, Moody’s Investors Service Inc reported, but the credit rating agency foresees a more benevolent outcome now than in the years leading up to the Great Recession.

BDCs seize the moment to raise new capital

Business development companies continue to take advantage of a strong stock market and low interest rates to raise additional equity and debt capital to finance sponsor-backed deals.

Sponsors criticize SEC's proposed solicitation rules

With new rules on general solicitation now in effect, buyout shops and their supporters in Washington, D.C., are concerned that a separate set of proposals could dampen their ability to advertise and promote their funds to investors.

Peak Rock closes inaugural fund at $700 mln hard cap

Peak Rock Capital LLC, a startup buyout shop based in Austin, Texas, announced Sept. 24 that it has closed its inaugural fund at its hard cap of $700 million. The firm plans to buy companies in the middle market where it can invest debt, equity and hybrid capital to help companies address operational or financial difficulties.

Riverside hires five from VSS for credit investing

The Riverside Company is joining the ranks of buyout firms that are branching out into credit strategies.

Need To Meet : Mayer Brown partner calls revised CLO rules 'unworkable'

J. Paul Forrester minces no words when it comes to the revised rules for CLO managers.

Need To Meet Timothy J. Whall, CEO, Protection One Security Solutions

If venture capital can have serial entrepreneurs, why can’t private equity have serial portfolio company executives? That describes the role of Tim Whall at GTCR LLC.