FLAG Capital Management plans to launch fundraising efforts this fall for its latest marquee private equity fund of funds with a target of $225 million to invest in mid-market and lower mid-market sponsors, according to a person familiar with the firm.
1 min read · 11 July 2014
Charlesbank Capital Partners, the Boston-based buyout firm that traces its roots to Harvard Management Company, closed Charlesbank Equity Fund VIII with $1.75 billion in commitments in just three months on the fundraising trail.
3 min read · 10 July 2014
Expected economic expansion and a need by GPs to put capital to work are contributing to a stepped-up M&A pace by mid-market dealmakers in the second half of the year, according to a Robert W. Baird & Co investment banker.
2 min read · 10 July 2014
Riding its Peet’s Coffee & Tea Inc exit and ownership of hot fashion brand Tory Burch among other deals, BDT Capital Partners has closed on about $3.5 billion for BDT Capital Partners Fund II, already $1.5 billion more than its $2 billion debut fund from 2011.
2 min read · 09 July 2014
An exchange offer for notes from Affinion Group Holdings Inc, an Apollo Global Management and General Atlantic Partners portfolio company, lifted the marketing services specialist’s debt outlook out of the “selective default” range but the company still faces challenges, according to Standard & Poor’s Rating Services.
2 min read · 07 July 2014
Morgan Stanley has raised $1.5 billion for its second infrastructure fund from a small number of investors, part of more than $3 billion in commitments for the firm’s private equity arm of late, according to regulatory filings.
3 min read · 07 July 2014
JLL Partners Fund VI LP turned in an IRR of 19.3 percent, above the top quartile threshold of 19.0 percent and the median of 10.6 percent for the crop of 2008 funds, according to an analysis of pension fund data in the Sept. 2, 2013, issue of Buyouts. Paul Levy, managing director, who founded the firm in 1988 after working at Drexel Burnham Lambert, spoke by phone from his firm’s New York office.
4 min read · 03 July 2014
Kayne Anderson Capital Advisors, the independent alternative investment manager, has closed on $250 million for its Kayne Senior Fund II, half way toward its $500 million target, according to a person familiar with the firm.
2 min read · 03 July 2014
Under John Livingston, chief executive of Aecom Capital, the firm will soon launch Aecom Global Fund II LP with a target of $200 to $300 million for real estate and infrastructure deals.
2 min read · 01 July 2014
Brockway Moran & Partners, the Boca Raton, Florida-based buyout firm, has closed a deal to combine its wine distribution company, The Vintner Group, with Winebow Inc, in a move to double the size of the portfolio company.
3 min read · 01 July 2014
