The Illinois Municipal Retirement Fund committed $127 million to three European-focused buyout funds, plus $150 million to an emerging markets commingled fund, as the $34.2 billion pension system moves to diversify its private equity portfolio with international exposure.
2 min read · 25 August 2014
Silver Lake’s $500 million stake in the blockbuster initial public offering by Chinese e-retailing giant Alibaba Group Holding Ltd may provide rich returns in an active exit year for the Menlo Park, California, firm.
3 min read · 25 August 2014
The Carlyle Group disclosed $1.9 billion in commitments in less than a year for Carlyle International Energy Partners LP, a buyout pool flagged by co-CEO David Rubenstein as the largest first-time fund in the history of the 27-year-old firm, according to a filing and a source.
2 min read · 20 August 2014
Hastings Equity Partners, the Boston-based specialist in lower mid-market energy services and equipment buyouts, closed Hastings Equity Fund III with $172 million in commitments, nearly tripling the size of its predecessor fund.
2 min read · 19 August 2014
RCP Advisors, the Chicago-based lower mid-market fund-of-funds manager, raised $258 million for RCP Fund IX LP, ahead of its target by $8 million, with the fund still in the market possibly until the end of the year, according to a filing and a source familiar with the firm.
2 min read · 18 August 2014
2 min read · 18 August 2014
Kohlberg Kravis Roberts & Co is pointing to its recent $3.5 billion debt reduction transaction for First Data Corp as a model for tapping into its own balance sheet and deploying its fee-rich capital markets unit in a growth strategy that is exclusive to the firm.
3 min read · 15 August 2014
Perella Weinberg Partners said it has raised about $444 million out of a targeted $600 million for PWP Growth Equity Fund I LP about 18 months after it announced the new fund series with two veterans of Weston Presidio.
2 min read · 15 August 2014
Stripes Group set a $500 million target for SG Growth Partners III, double the goal of its predecessor fund raised two years ago, in a bullish move for the New York-based growth equity specialist.
2 min read · 14 August 2014
Veritas Capital said it quickly wrapped up fundraising for Veritas Capital Fund V LP in one closing with $1.875 billion in commitments, with the New York-based government services specialist drawing solid support from limited partners after the death of its founder in 2012.
2 min read · 14 August 2014
