PE Hub Wire

Francisco raises nearly $10bn across three funds, US government opens access to PE in 401(k)s, Ex-Blackstone exec eyes opportunities in downturn

PE enters the world of 401(k)s and Francisco racks up nearly $10 billion across three funds.

Ardian closes largest secondaries program with $19bn, AE Industrial builds tech platform for space architecture, Rubicon takes majority stake in Central Logic

AEI forms a tech platform for space architecture and Ardian wraps up its largest fund ever at $19 billion.

Blackstone Group hires ex-FDA commissioner as senior adviser to focus on life sciences, healthcare, Webster Equity hires healthcare banker Todd Rudsenske, GI Partners raising next flagship fund

Ex-FDA commissioner joins Blackstone as a senior advisor and GI Partners is targeting $3.25 billion for its sixth flagship fund.

Emerging managers face off: Mill Rock sues Stellex Capital alleging IP theft, Future of dealmaking in the age of coronavirus, NJ pension private equity head to retire

KKR raises $4 billion for pandemic dislocation opportunities and it's litigation time for two PE firms.

Owl Rock appoints co-heads for opportunistic strategy, Stellex Capital in market with sophomore fund, KKR commits $1bn to develop data center platform

KKR commits $1 billion to develop a data center platform and Stellex Capital seeks to raise $1.25 for its second fund.

Private equity nears deal for Central Logic, Searchlight Capital collects more than $3bn for Fund III, Texas A&M hires ex-Texas Teachers exec as CIO

A private equity firm is close to buying Central Logic and Spectrum Equity wraps up a big fund.

Why some GPs are obsessing over PIPEs, Bain Tech backs Hudl as pandemic boosts online sports engagement, DeVos family investment firm to shop ~$1bn private equity portfolio

Ottawa Avenue Private Capital preps to unload $1 billion of PE interests and Costello exits Park Hill Group.

Forescout to sue Advent for walking from deal agreement, CD&R reaps 2.5x on naviHealth exit, Secondaries deal flow picks up with 'highly motivated sellers'

A scuttled buyout gets hit with litigation and CD&R makes good coin from exiting naviHealth.

Francisco Partners explores sale of scheduling software company QGenda, H.I.G. Capital targets $1.25b for challenging situations, HGGC co-founder Rich Lawson on holding virtual annual meetings

A new study shows the effects of the coronavirus meltdown on deals and H.I.G. Capital seeks to raise $1.25 billion for a new fund focused on challenging situations.

GPs sees consolidation opportunities coming out of the downturn, EIG raises $2.6bn for fifth fund platform, Cohere Capital closes debut fund on $200m

More deals could come from the downturn and EIG racks up $2.6 billion for new fund.