Kohlberg Kravis Roberts & Co plans to step up fundraising efforts for three smaller funds, following a year in which the firm drew in $9 billion for its flagship KKR North America Fund XI LP.
2 min read · 24 April 2014
GI Partners has held a final close on GI Partners Fund IV at its hard cap of $2 billion, ahead of its $1.5 billion target. The firm said the pool is earmarked to make “control-oriented, deep value investments” in North American middle-market companies.
2 min read · 24 April 2014
The Federal Trade Commission moved to block the sale of Fenway Partners–owned American Achievement Corp to a unit of Kohlberg Kravis Roberts & Co in a deal that would have reduced the number of major players in the U.S. class ring business to two from three. The companies said they would scrap the deal.
3 min read · 23 April 2014
New York investment bank Carl Marks is seeing more interest among service, construction, manufacturing, textile other entrepreneur-owned companies aiming for deals with sponsors or strategic buyers, Warren Feder, partner and co-founder of the investment banking group at the boutique advisory firm, told Buyouts.
2 min read · 22 April 2014
2 min read · 22 April 2014
Washington State Investment Board made its first commitment to an FFL buyout fund with a $200 million pledge, part of a trio of private equity investments by the $98 billion pension system.
1 min read · 22 April 2014
After the credit card security breach at Target Inc made big headlines last year, Daimon Geopfert, a cybersecurity expert at McGladrey LLP, started getting a lot more phone calls from private equity firms and other clients worried about protecting their intellectual property and other sensitive data.
2 min read · 21 April 2014
Boosted by a 2x return on its investment in online and mobile banking firm Digital Insight, HarbourVest Partners drew strong enough interest to shoot past its $750 million target for HarbourVest Partners 2013 Direct Fund LP, its newest direct co-investing fund.
2 min read · 17 April 2014
Blackstone Group said it is not planning to let up on the fundraising trail, with plans by the big private equity firm to launch its second energy fund this year, and possibly its flagship Blackstone Capital Partners VII fund in 2015, which would be only three years after it closed its predecessor.
2 min read · 17 April 2014
Wealthy investors are surging into the private equity market. Whether that signals a market top or just reflects another step in the market’s evolution remains a subject of debate.
6 min read · 16 April 2014
