Private Equity
The New Jersey State Investment Council OK’d a $300 million commitment to TPG Opportunities Partners III LP and related separate accounts, while moving to pare back its target allocations to buyout and venture capital funds.
3 min read · 06 February 2014
Capstone Partners is planning to open a New York office with new hire Michael Keaveney lined up to lead the firm’s expansion in the Big Apple, according to an executive at the placement specialist.
1 min read · 05 February 2014
Rubicon Technology Partners, a young firm led by Blackstone Group veteran John Hodge and an alumnus of Court Square Capital, has enlisted placement agent Capstone Partners to get it to the $250 million finish line for its first buyout fund, sources familiar with the firm said.
2 min read · 04 February 2014
In a sign of LP interest in energy investing, Houston-based Post Oak Energy Capital has wrapped up Post Oak Energy Partners II in a single closing at its hard cap of $500 million, plus an additional $100 million to co-invest alongside the new fund.
1 min read · 04 February 2014
The Oregon Investment Council has thrown its support behind proposed legislation that would allow it to create an independent agency in the vein of a state lottery system to run the state’s $67 billion Oregon Public Employees Retirement Fund, which includes a $14 billion private equity portfolio.
2 min read · 04 February 2014
With high-profile deals such as Bain Capital’s acquisition of BMC Software, 2013’s crop of larger sponsored M&A deals saw their average equity contributions fall to their lowest level since 2007 while leverage levels crept up. That has prompted talk of discipline from deal-makers interviewed by Buyouts.
5 min read · 03 February 2014
Standard & Poor’s has downgraded generic drug maker Par Pharmaceutical Cos’s credit rating as it takes on more debt to acquire JHP Pharmaceuticals as an add-on. The move could mark a fresh challenge for the company’s owner, TPG Capital, as it raises a bridge fund for its next flagship private equity pool.
3 min read · 03 February 2014
Blue Sea Capital’s Fund I has drawn a $15 million commitment from the $118 billion Texas Teacher Retirement System, as the Florida-based lower mid-market buyout shop lands a major private equity LP in its effort to spin off from Brockway Moran & Partners.
2 min read · 30 January 2014
2 min read · 30 January 2014
Blackstone Group’s fourth European fund led the pack among the buyout shop’s crop of funds in the market, garnering $3.9 billion of fresh commitments in one of many fourth-quarter milestones, as the largest U.S.-based private equity firm’s assets under management jumped 26 percent to $267 billion.
2 min read · 30 January 2014
