Meir Grossman figures Seward & Kissel LLP is ready for a continued surge in seed investment deals to launch emerging alternative investment managers, since his firm has already worked on 20 such transactions for private equity and hedge funds since this time a year ago.
2 min read · 16 June 2014
The Rohatyn Group may shop for a fresh acquisition while also growing organically, as the New York firm looks to extend its reach in emerging markets public equities and private credit.
2 min read · 16 June 2014
The 2008 Intervale Capital Group LP fund turned in an IRR of 22.0 percent, ahead of the top quartile threshold of 19 percent and median of IRR of 10.6 percent for funds from the same vintage, according to pension fund data compiled by Buyouts in its Sept 2, 2013, issue. Erich Horsley, partner at Intervale Capital, spoke with Buyouts from the firm’s headquarters in Cambridge, Massachusetts.
3 min read · 16 June 2014
Elevation Partners, the high-profile private equity firm co-founded by rock star Bono and prominent Silicon Valley names, is expected to roughly break even on its $300 million investment in Forbes Media, but the buyout shop no longer plans to raise Fund II despite an uptick in its performance of late, according to a person familiar with the firm.
4 min read · 13 June 2014
The chief of leveraged lending specialist GE Antares Capital, a unit of General Electric Co, sees more energy deals in the pipeline as mid-market sponsors seek out ways to boost returns through investments related to oil, natural gas and other fuels both in the United States and abroad.
2 min read · 12 June 2014
Permira Advisers said it closed Permira V with $7.2 billion in commitments, capping off a fundraising process that gained traction with positive economic signals in Europe and the United States and growing interest from LPs.
3 min read · 12 June 2014
Easterly Capital said it hired two executives in a move to expand its senior ranks to at least five as the firm looks to develop managed accounts for large capital allocators, pensions and institutions in real estate, natural resources and financial assets.
1 min read · 11 June 2014
The Teachers’ Retirement System of Illinois approved a $50 million commitment to JMI Equity Fund VIII and hiked its allocation program to emerging managers to by $250 million, among the $44 billion pension fund’s latest moves.
2 min read · 11 June 2014
The $150 billion New York City Pension Funds approved a measure to expand a ban on placement agents from private equity funds to all investment classes, marking fresh moves that date back to the pay-to-play scandals of the late 2000s.
2 min read · 11 June 2014
With U.S. gross domestic product grinding along at less than a 3 percent growth rate, a fresh survey of 119 private equity pros by the Private Equity Growth Capital Council found that slightly more than half expect a very favorable or somewhat favorable investment environment over the next 12 months.
2 min read · 10 June 2014
