Private Equity
Apollo Global Management singled out its 2010 deal for LyondellBasell Industries as the most profitable investment in the firm’s 23-year history, in the wake of a recent secondary common stock offering for the chemical maker that raised $1.1 billion in net proceeds for the New York firm.
2 min read · 11 November 2013
Conner Searcy’s first fund at Trive Capital reached the finish line this summer, but not without acceding to at least one unusual demand from a limited partner that ended up investing in the $300 million buyout fund.
9 min read · 11 November 2013
The Lombard Investments Asia III Fund turned in an IRR of 22.7 percent and ranks near the top of our list for the vintage year of 2007. Tell us about the fundraising cycle and your target for that fund. That year was still the so-called golden era of private equity, so was it easy to sell a story about an Asia fund?
3 min read · 11 November 2013
Credit Suisse said it reached an agreement to spin off its $3.6 billion mezzanine specialist DLJ Investment Partners business to Portfolio Advisors, as it restructures its business to comply with new capital rules.
2 min read · 07 November 2013
Apollo Global Management officially hit the $12 billion mark on its flagship Fund VIII, but the New York firm run by Leon Black declined to provide further details on fundraising targets for the blockbuster buyout vehicle.
1 min read · 07 November 2013
The Carlyle Group LP’s flagship buyout fund will close with nearly $13 billion in commitments, including more than $900 million from insiders at the Washington-based private equity firm, which had built $51 billion in dry powder for deals at the end of its third fiscal quarter.
2 min read · 07 November 2013
The Jordan Company won clearance from the Federal Trade Commission to acquire two firms in the nautical and aviation equipment business from J.F. Lehman & Co, in what could be among the last purchases from the firm’s vintage 2007 Resolute Fund II, according to a filing with regulators.
2 min read · 06 November 2013
Private equity investments ranked second among seven alternative investing strategies in a major survey of U.S. college and university endowments with a return of 11.3 percent in the 2013 fiscal year, while overall allocations shifted away from alternatives and into rising public equity markets.
2 min read · 06 November 2013
Strategic Value Partners, the Greenwich, Conn.-based specialist in distressed investing, plans to focus on downtrodden names in Europe and elsewhere as it embarks on a $1 billion fundraising effort for its Strategic Value Special Situations Fund III.
2 min read · 05 November 2013
The Massachusetts Pension Reserves Investment Management Board has OK’d investments in funds from CVC Capital, HIG Capital, ACON Equity Partners, KPS, WestView Capital, Thoma Bravo, American Securities and GTCR less than a year after the $54 billion pension fund named a new head of private equity investing.
3 min read · 04 November 2013
