Private Equity
2 min read · 18 October 2013
2 min read · 17 October 2013
AlpInvest Partners, the fund-of-funds unit of the Carlyle Solutions platform, hit its $750 million hard cap in commitments for AlpInvest Secondaries Fund V, part of its overall secondaries program that has drawn $4.2 billion, a peak for the program.
2 min read · 17 October 2013
Bain Capital has raised nearly $5 billion for its flagship buyout fund with about $1 billion left to go to hit its target, according to a prospective investor. Meanwhile, the firm’s big commitment to the fund has drawn positive comments from two limited partners, who are now reconsidering whether to dive in, according to sister publication peHub.
2 min read · 15 October 2013
Moving to increase its exposure to private equity, the Maine Public Employees Retirement System’s board of trustees OK’d a combined $120 million commitment to buyout funds managed by GTCR and Onex Partners, an official told Buyouts.
2 min read · 15 October 2013
Limited partners said they’re often less interested in funds outside the top quartile, but they’re still sifting through investment opportunities from emerging managers and others that may currently lag behind the leaders, according to a panel at the Buyouts West conference, part of Partner Connect West 2013.
2 min read · 15 October 2013
Larry Schloss said he will work to grow Angelo Gordon & Co’s business as an investor in real estate, distressed debt, leveraged loans, hedge funds, leasing and private equity, when he joins the firm as president on Nov 11.
2 min read · 14 October 2013
Founded in 1992, JMI Equity, a growth equity firm with investments in software, internet and business services companies, rang up an IRR of 39 percent as of June 30 for is vintage 2005 fund, JMI Equity Fund V LP. An IRR of 12.6 percent would have landed it in the top quartile for the year, according to data compiled by Buyouts. Managing General Partner Paul Barber, who joined the firm in 1998, currently serves as chairman of the board of directors at ServiceNow and several other companies. He answered questions for this column via email.
3 min read · 14 October 2013
U.S.-based sponsors closed an estimated 362 mergers and acquisitions in the three months ending Sept. 30, up from 274 in the second quarter and down slightly from the total of 366 in the year-ago quarter.Dollar volume dropped to $23.6 billion in the three months ended Sept. 30, from $41.1 billion in the second quarter. In the third quarter of 2012, dollar volume totaled about $28.0 billion.
8 min read · 14 October 2013
Acceleration Resources LLC has raised its inaugural fund, Acceleration Resources I LP, with $21 million, in an effort led by a veteran of Passport Capital LLC and Sun Capital Partners Inc, according to public filings and a person familiar with the firm.
2 min read · 11 October 2013
