Steve Gelsi

Talking Top Quartile with John Hill, vice chairman, First Reserve Corp

How did First Reserve Corp’s Fund X generate an IRR greater than 36 percent? Buyouts talked to firm co-founder, Vice Chairman and Managing Director John Hill to find out.

Buyouts Snapshot: Individual investors to access KKR through Altegris fund

Altegris has been cleared by regulators to offer accredited individuals exposure to Kohlberg Kravis Roberts & Co private equity funds.

DPx to pay $550 mln dividend to JLL Partners and Royal DSM

JLL Partners said it’s funding a $550 million dividend recap through high-yield debt for portfolio company DPx Holdings, just one year after forming the pharmaceutical services platform in a deal with Royal DSM.

Oaktree holds $7 bln first close for flagship funds

Oaktree Capital Group’s distressed credit funds drew in more than $11 billion in commitments in the first quarter, including a $7.1 billion first closing for Oaktree Opportunities Funds X and Xb, according to the firm’s latest earnings report.

Carlyle raises $4.4 bln for multiple funds, slows deal pace in Q1

Carlyle Group said it raised $4.4 billion in new capital in the first quarter, led by an expected $3.9 billion for Carlyle Europe Partners IV and a final close on Carlyle-backed NGP Natural Resources XI at its $5.3 billion hard cap, among others.

Thoma Bravo raises $1 bln for special opportunities

Thoma Bravo amassed more dry powder for larger deals by quickly wrapping Thoma Bravo Special Opportunities Fund II at its cap of $1.07 billion. LPs piled into the latest pool from a firm that’s been aggressive on technology buyouts despite lofty deal prices.

Individual investors to access KKR through new Altegris fund

Altegris has been cleared by regulators to offer accredited individuals exposure to Kohlberg Kravis Roberts & Co private equity funds.

Sycamore pays dividend recap with $205 mln in fresh Talbots debt

Sycamore Partners-backed The Talbots Inc has floated about $205 million in debt to fund a dividend recapitalization, prompting a slight downgrade by Standard & Poor’s Rating Services of the women’s retailer.

Private equity tops $100 bln in shadow capital in 2014: Triago Quarterly

Money raised outside of traditional private equity funds for co-investments, separate accounts and direct investments continues to pile up under a newer fundraising data point often described as shadow capital.

Buyouts Snapshot: Talking top quartile with Allan Holt of Carlyle Group

Allan Holt, co-head of Carlyle’s U.S. Buyout Group, spoke with us about the firm's top-quartile Fund IV and how it recovered from an early slip.