Private Equity
The Riverside Company has begun pre-marketing for its first non-control credit vehicle under the name Riverside Strategic Capital Fund, as it gets closer to wrapping up its flagship Riverside Capital Appreciation Fund and continues work on Riverside Asia-Pacific Fund II, according to a person familiar with the firm.
2 min read · 21 November 2013
Private equity dealmakers in the financial sector expect fear of regulation to dampen appetite for risk and M&A activity among major banks in 2014, although specialty finance firms will continue to thrive and command lofty valuations.
3 min read · 21 November 2013
JLL Partners co-founder Paul S. Levy is expecting more acquisitions after the firm closed a carve-out transaction valued at $2.6 billion to combine its Patheon portfolio company with Dutch-based DSM’s pharmaceutical unit, in a deal that drew $200 million in co-investments from the New York firm’s limited partners.
2 min read · 19 November 2013
Stepping outside of its usual playbook as an information technology investor, Thoma Bravo will pay an undisclosed sum for fellow Chicago-based firm Segall Bryant & Hamill, a fixed income and public equity portfolio specialist with $9 billion in assets under management.
1 min read · 19 November 2013
New Mountain Partners II fund from New Mountain Capital LLC rang up a 1.97x net MIC and a 13.5 percent net IRR as of June 30, according to data from the Oregon Public Employees Retirement System. Steve Klinsky, founder and chief executive officer, spoke with Buyouts at New Mountain’s main office in Manhattan.
7 min read · 18 November 2013
The agreement by Kohlberg Kravis Roberts & Co and Google Inc to invest $400 million in six U.S. solar power plants being built by Recurrent Energy LLC marks the latest in a series of deals in the photovoltaic space by private equity firms. Expect more.
4 min read · 18 November 2013
Twenty-six-year-old Farid Guindo has already worked at two investment banks and a big hedge fund, but now he’s channeling his investing talent into his new private equity firm Drill Capital LLC, which is planning to raise its first fund next year to cash in on infrastructure and service needs created by the U.S. shale boom.
2 min read · 13 November 2013
Goldman Sachs CEO Lloyd Blankfein said the Wall Street firm has been actively harvesting its private equity funds ahead of the implementation of the so-called Volcker rule, but cautioned that the bank’s clients would complain if the rules become too strict.
2 min read · 12 November 2013
Neuberger Berman Group LLC said it closed its first new secondary fund since the 2008 financial crisis, with the New York firm beating its target by $400 million.
2 min read · 11 November 2013
Carlyle Group played up its real estate, energy and overall diversification in the firm’s first investor meeting since its 2012 initial public offering.
2 min read · 11 November 2013
