Steve Gelsi

KKR mulls launch of next flagship North America Fund this year

Kohlberg Kravis Roberts & Co is on track to launch a major fundraising effort to follow up its $9 billion flagship North America Fund XI from 2012, as it continues to deploy capital in the high-priced deal environment.

TPG launches search for new general counsel

TPG Capital LP’s General Counsel Ronald Cami plans to leave the marquee private equity firm as it raises its targeted $10 billion TPG Partners VII.

JLL, Warburg Pincus see big paper gain after building products add-on

Wall Street reacted positively to JLL Partners -backed Builders FirstSource’s announced acquisition of ProBuild Holdings LLC, positioning the building products distribution company to ride the recovering housing market to further growth.

Gridiron Capital tops $100 mln for third buyout fund

Gridiron Capital has drawn $106 million for its third buyout fund as the middle-market firm looks to follow up its most recent pool that wrapped up in 2012, according to a regulatory filling.

Five Questions with Maurice Gordon, Managing Director, Head of Private Equity Investments, Guardian Life Insurance Company of America

Talking Deal Prices: Middle-market GPs see better deals below $5 mln EBITDA

GPs speaking on a panel at the recent Buyouts East conference said they’re still able to close deals at prices that should assure strong returns, even at levels over 10x EBITDA in some cases.

Placement agents adapt to shifting industry

With recent seismic shifts in the private equity placement business, the niche market of raising LP commitments for buyout, mezzanine and other alternative investment funds continues to take disruption in stride, even while challenges loom.

Need to Meet: Scott Case, Head of Global Private Equity Services, Silicon Valley Bank

Bootstrapping itself from its origins 32 years ago as a lender for venture capital-backed firms, Silicon Valley Bank now ranks as the 40th largest bank in the United States with $39 billion in assets as of Dec. 31.

Blowing the whistle: Former employee's suit against TPG invokes whistleblower provision in Dodd-Frank

TPG Capital’s legal fight with its former spokesman, Adam Levine, may seem a bit lopsided.

Monroe Capital targets $600 mln for second private credit fund

Monroe Capital LLC plans to hold a first close on Monroe Private Credit Fund II LP by the end of April toward a target of $600 million, as the firm continues to bulk up its headcount, according to a source.