New York-based lower mid-market buyout shop ICV Partners hit its $400 million target for ICV Partners Fund III, and its president said the firm seeks to close two to three acquisitions per year on targets with EBITDA of $10 million to $30 million.
2 min read · 28 May 2014
Energy & Minerals Group’s $1.2 billion investment in Aubrey McClendon’s American Energy - Utica LLC venture earned it a 4x return in five months, based on a $5 billion implied valuation of the energy venture in a recent debt deal.
3 min read · 28 May 2014
Olympus Partners paid less than 8x EBITDA for packaging firm Pregis Corp North America after factoring in an accounting benefit of the deal, according to a source familiar with the recently closed transaction.
2 min read · 27 May 2014
The $51 billion Alaska Permanent Fund Corp allocated $750 million to set up a strategic partnership to invest in private credit with Apollo Global Management, following up on last year’s commitment to a customized Carlyle Group program.
2 min read · 23 May 2014
The $95 billion New York State Teachers’ Retirement System’s 10-member retirement board has authorized its chief investment officer, Thomas K. Lee, to hire TorreyCove Capital Partners LLC as the pension system’s private equity consultant for one year, effective May 1, according to the agency’s website.
2 min read · 23 May 2014
The North Carolina Retirement Systems finds itself about $1.5 billion short of its new target allocation for private equity investments with an eye on the U.S. middle market and sponsors with European exposure, as the $87 billion retirement system moves forward with a study of its various asset classes.
3 min read · 22 May 2014
1 min read · 22 May 2014
New York State Common Retirement Fund has named Hamilton Lane as its new general private equity consultant for a five-year contract, after the Bala Cynwyd, Pennsylvania, investment management firm won a competitive auction held by the $161 billion pension system.
1 min read · 22 May 2014
Onex Corp has closed Onex Partners IV LP as the largest fund in its 30-year history with $5.2 billion in LP commitments, comfortably ahead of its target, according to a statement from the Toronto-based buyout firm.
2 min read · 21 May 2014
Varsity Healthcare Partners has closed its inaugural fund with $240 million raised from family offices, with the Los Angeles firm led by veterans of Aurora Capital and Enhanced Equity Funds already chalking up two acquisitions in the eye care and dermatology fields, according to a person familiar with the firm.
1 min read · 20 May 2014
