Private Equity
The Carlyle Group and Dutch private equity fund-of-funds manager AlpInvest Partners now handle $305 million for buyout investments in the Hoosier state after the duo won management duties from Credit Suisse for a 2006 vintage Indiana Public Retirement System fund, combined with a new fund for the same limited partner.
2 min read · 01 July 2013
Some IPOs are hitting a snag over price triggers to convert preferred stock held by buyout shops into common stock, but the problem could be fixed with new pre-agreement contract language, says Ilan Nissan, a partner at law firm Goodwin Procter.
2 min read · 28 June 2013
Two high-profile private equity executives warned of an industry shake-out from dwindling capital, tough competition and ailing pension funds after some relatively lucrative years in the buyout business, according to their presentations at the Buyouts Chicago conference in June.
3 min read · 27 June 2013
A Chicago-based entrepreneur, with ties both to President Barack Obama and a member of the billionaire Pritzker family, is launching The Vistria Group with a fundraising target of $500 million, according to a person familiar with the firm.
2 min read · 27 June 2013
Insignia Capital Group, a buyout shop led by Friedman Fleischer & Lower co-founder David Lowe, is in the midst of a $350 million effort for a lower- middle-market buyout fund, a source told Buyouts.
2 min read · 25 June 2013
Riverstone Holdings LLC’s $7.7 billion Riverstone Global Energy and Power Fund V marks the largest U.S.-based energy buyout pool since the financial crisis. The fund exceeded its target of $6 billion.
5 min read · 24 June 2013
The Valence Group’s Anton Ticktin, who’s been focused on mergers and acquisitions in the chemical sector since the late 1990s, ranks 2013’s deal prospects as bullish, with major private equity players wading in. “We have a very strong pipeline,” Ticktin said in a phone interview. “We think 2013 will remain pretty robust, maybe not at the peak of 2011, but certainly at a high level—maybe the same as 2012.”
2 min read · 18 June 2013
3 min read · 18 June 2013
The California Public Employees’ Retirement System recently committed some $900 million to funds managed by Silver Lake, The Blackstone Group’s GSO Capital Partners and Triton Partners.
3 min read · 18 June 2013
Joseph Dear, the chief investment officer of the California Public Employees’ Retirement System, has given up some of his daily duties to fight cancer, according to a spokesman for the pension, which is the largest in the United States.
1 min read · 17 June 2013
