Steve Gelsi

Pharos Fund III wrapping up long fundraise at $500 mln, above target

Pharos Capital Group, the Dallas-based private equity firm founded by Fortune 500 company director Kneeland Youngblood and two Goldman Sachs veterans, is nearing a final close of its third growth equity/buyout fund, with an expected total of $500 million after more than two years in the market, according to a person familiar with the firm.

Talking Top Quartile with Scott Crabill of Thoma Bravo

Scott Crabill, managing partner, San Francisco office, for Thoma Bravo, explains how the vintage 2008 Thoma Bravo Fund IX boosted returns and set the tone for successive funds.

Leonard Green sees stand-alone potential for Lucky Jeans

Leonard Green & Partners LP’s Peter Nolan said the firm’s move to buy Lucky Brand Jeans for $225 million from Fifth & Pacific Cos Inc marks an unusual move as a corporate carve-out, but the retail-oriented private equity firm sees potential to grow the business once it’s operating as an independent company.

LPs remain bullish on private equity in Coller Capital, Hamilton Lane surveys

Three key private equity industry surveys discussed this week point to strong fundraising and increased support from limited partners in 2013 – and suggest a healthy year ahead.

Fenway, KRG face challenges in launching new funds

Can Fenway Partners and KRG Capital overcome their recent staff turnover and underperforming funds?

Jordan Co's chemical services company Haas Group on the block

Jordan Company has placed Haas Group International on the selling block in a deal that could value the chemical management company at about $700 million, according to people familiar with the transaction.

Centerview mulling new tech, consumer buyout funds

Centerview Partners, the New York investment bank co-founded by big ticket deal-maker Blair Effron, is quietly moving ahead with plans to raise sector-focused private equity funds aimed at the technology and consumer businesses, according to two people familiar with the firm.

Oregon commits $200M to LS Power III, Rockpoint funds ahead of Jay Fewel retirement

Exclusive: Arsenal, H.I.G. veterans near first close on $125 mln ClearPoint fund

ClearPoint Investment Partners, which was founded by veterans of H.I.G. Capital and Arsenal Capital, has been moving toward a first close for its inaugural buyout fund and is targeting $125 million for lower middle-market business services and financial processing firms in North America, according to a source familiar with the firm.

Oregon commits $200M to LS Power III, Rockpoint funds ahead of Jay Fewel retirement

The Oregon Investment Council has OK’ed commitments of $100 million each to LS Power Equity Partners III and Rockpoint Core Plus Real Estate Fund LP for the Oregon Public Employee Retirement Fund in the $65 billion pension system’s latest moves ahead of the Feb. 1 retirement of key executive Jay Fewel.