Sure, relationships may get you a meeting with an LP, but it’s the data on performance of portfolio companies and other metrics that help determine whether a GP wins a commitment.
2 min read · 30 June 2014
Emerge Energy Services LP, a master limited partnership that provides sand for oil and gas fracking, has scored at least a 10x return for Insight Equity Partners as the firm continues fundraising for its third buyout fund, according to a source familiar with the firm.
2 min read · 27 June 2014
The Pritzker Group’s Paul Carbone threw a bit of cold water on enthusiasm for co-investments in private equity, arguing that direct investments offer a better fit outside conventional fund structures, at least for family offices.
3 min read · 25 June 2014
Kohlberg Kravis Roberts & Co’s move to shore up First Data Corp’s balance sheet with $3.5 billion makes one of the largest LBOs in history a bit less pricey on a debt-to-EBITDA level. It also may help avoid sticker shock in an initial public offering or other exit of the payment processing giant.
2 min read · 24 June 2014
Greenbriar Equity Group LLC closed its third private equity fund at $1.1 billion, tipping the scales as its largest yet, as it continues to focus on deals in the transportation sector with a beefed-up roster of corporate advisers.
2 min read · 24 June 2014
The Illinois Municipal Retirement Fund board of trustees approved a $35 million commitment to ABRY Partners VIII LP, equaling the pension system’s largest pledge to a fund from Boston-based ABRY Partners.
2 min read · 23 June 2014
JMI Equity, the technology investor with at least one top quartile fund, has quickly rounded up $100 million or more for JMI Equity Fund VIII in its first pool that could reach $1 billion in commitments at a time of growing popularity for growth equity funds.
4 min read · 20 June 2014
Kohlberg Kravis Roberts & Co could draw in at least $10 billion and potentially as much as $30 billion for a series of Fund IIs that would follow-up eight new fund series launched in recent years by the marquee private equity firm, a key executive at the New York shop said recently.
2 min read · 19 June 2014
Kohlberg Kravis Roberts & Co portfolio company Brickman Group Ltd won antitrust clearance from the Federal Trade Commission for its acquisition of rival landscaping firm ValleyCrest, owned by Michael Dell’s investment firm, MSD Capital LP, with a loan package led by Jefferies & Co, after investment banks for KKR pulled back from financing the deal, according to a filing.
2 min read · 16 June 2014
With opportunities in the Midwest on the rise, executives at Miami-based H.I.G. Capital decided to get closer to the action by opening a new office in Chicago less than a year ago.
8 min read · 16 June 2014
