Summit Park is a small fund, but it punches above its weight with co-investments from big LPs such as J.P. Morgan and Private Advisors.
3 min read · 22 July 2015
Investors remain bullish on private debt funds, but they may be reluctant to commit to new vehicles until GPs put a dent in a record amount of dry powder.
3 min read · 20 July 2015
Blackstone Group said it’s seeing more LP demand than supply as it starts wrapping up its seventh flagship buyout fund at $17.5 billion, part of a bumper crop of investor dollars at the marquee private equity conglomerate.
2 min read · 16 July 2015
Aquamarine Investment Partners, a one-year-old firm founded by long-time sponsor lawyer Joel Moser, is about halfway toward a $1 billion goal for its debut fund that’ll focus on real estate, energy and infrastructure investments, according to a source.
2 min read · 16 July 2015
Ridgewood Energy said it raised about $2 billion for Ridgewood Energy Oil & Gas Fund III LP, which comes only about two years after the firm targeted less than half that figure for Fund II, according to filings.
2 min read · 14 July 2015
Providence Equity Partners’ inaugural growth fund will take aim at technology-enabled services companies disrupting traditional industries, according to an executive heading up the effort.
2 min read · 14 July 2015
A New York judge dismissed all claims against one executive and reduced the number of claims against two others in a multimillion-dollar legal dispute stemming from the departure of three private credit pros from Veronis Suhler Stevenson to Riverside Co back in 2013.
2 min read · 13 July 2015
Olympus Partners is in line to earn a roughly 3.7x return on invested capital in less than three years in its pending sale of packaging and disposable tableware maker Waddington Group for $1.35 billion to Jarden Group, according to a source.
2 min read · 13 July 2015
New Water Capital, a young turnaround firm led by veterans at Sun Capital, is wrapping up capital-raising in less than six months for its first buyout fund, according to a person familiar with the firm. After initiating the effort in February, the debut fund drew in $406 million in LP commitments, ahead of its $250 million target, according to a source and a filing.
2 min read · 13 July 2015
The story about expensive company targets keeps getting scarier. It’s not just anecdotal. The hard numbers back up the tales from private equity pros about steep prices.
3 min read · 13 July 2015
