PE Hub Wire

KKR buys 55% stake in Colonial First State, Thoma Bravo sells Idaptive for $70m, LA pension pulls $100m commitment from Alcentra over departures

Unlike a few weeks ago, deals are starting to flow again: KKR invests in an Australia's Colonial First State and Thoma Bravo exits Idaptive.

Spectrum leads $144m growth deal in DispatchTrack, StepStone in $80m GP-led strip sale, Rise of earnouts in M&A to get deals done

Earnouts are all the rage right now in the M&A world and Spectrum Equity leads a $144 million growth deal in DispatchTrack.

KKR to make significant investment in Coty Inc, Brookfield launches $5bn retail rescue effort, Life under quarantine with Soundcore's Jarrett Turner

PE firms rush to rescue retail with KKR investing in beauty brand Coty and Brookfield launching a "retail revitalization" program.

Thoma Bravo-backed Apttus to merge with Conga, Ellie Rubenstein's Manna Tree aims to do a deal a quarter, Ares raises $3bn for investments into dislocation

Ares Management closed on $3 billion for its special opportunities fund and Manna Tree wants to do a deal every quarter.

Arcline Investment Management acquires Unitec Elevator, KKR welcomes 40 new LPs amid downturn, Sponsors assess pandemic liability as economy reopens

KKR deploys about $8 billion since late February and LACERA has no plans to change its private equity program in the downturn.

Private equity's retail bomb, Ara Partners closes debut fund on about $400m, LPs weigh the future of their PE programs

FTV Capital invests in a UK pet insurance firm and L Brands shuts down the $525 million sale of Victoria's Secret to Sycamore Partners, legal posturing aside.

J. Crew files for bankruptcy, Dyal head Michael Rees speaks to benefits of GP stake funds in covid-19, life under quarantine with Palladium Equity's Adam Shebitz

The COVID-19 crisis has resulted in its first major retail bankruptcy: J. Crew.

The misconception around private equity cash reserves, Spectrum Equity buys co-parenting app, Linsalata spinout Provariant strikes first-ever deal

CD&R completes its buyout of Huntsworth and more on private equity and the dry powder fallacy

Ways for GPs to find capital in tight liquidity environment, Consonance Capital explores emerging healthcare trends in pandemic, LACERS sees big rise in capital calls

Consonance Capital Partners wraps up its sophomore fund after only three months of fundraising and Virginia Retirement System will be fast-tracking its increased private equity target allocation due to the coronavirus.

Darren Abrahamson of Bain Capital Tech Opportunities on investing in the downturn, K1 to make 26x its money on Checkmarx stake sale, FTV Capital invests in Docuspace

Spectrum is raising a big fund and one of the founders of the private equity secondaries market passes away.