Private Equity
Energy Spectrum Capital is nearly two thirds of the way toward a $1.2 billion target for its seventh buyout fund with commitments from 62 investors and at least one prior top quartile fund boosting its track record, according to a Form D filing and pension fund data.
2 min read · 16 September 2014
Avista Capital Partners II, the 2008 vintage fund from Avista Capital Partners, rang up an IRR of 19.2 percent, above the 19 percent top quartile threshold for funds in the same year, according to an analysis of pension fund data in the Sept. 2 issue of Buyouts. The median IRR for vintage 2008 funds is 10.6 percent. Thompson Dean, managing partner and co-founder of Avista Capital, spoke from the nine-year-old firm’s headquarters in New York City.
3 min read · 11 August 2014
Kohlberg Kravis Roberts & Co will likely hold a first close on its second infrastructure fund in the fall, sources told Buyouts.
2 min read · 30 July 2014
Energy Future Holdings, the largest power company in Texas, asked a judge to extend the period in which it controls its Chapter 11 bankruptcy and said it is scrapping its original debt-cutting plan in favor of an auction of its Oncor unit.
2 min read · 25 July 2014
Canadian private equity firm KERN Partners has launched its fourth energy-focused partnership, KERN Energy Partners IV Fund, according to people with knowledge of the situation.
4 min read · 17 July 2014
Quantum Energy Partners has held a first close on $1.17 billion for its sixth fund, which is targeting $2.5 billion, according to a person with knowledge of the fundraising.
2 min read · 01 July 2014
Texas’ largest power company, the bankrupt Energy Future Holdings Corp, was sued by a representative for noteholders who said they are owed $665 million in return for refinancing their securities, a key part of the company’s bankruptcy plan.
2 min read · 27 May 2014
Leading Texas power company Energy Future Holdings is expected to file for bankruptcy as early as Monday evening, sources close to the situation said on Friday, as it struggles to pay its hefty debt load of more than $40 billion because of cheap electricity prices.
2 min read · 25 April 2014
Energy Capital Partners topped off Energy Capital Partners III at $1.5 billion above its $3.5 billion target as the latest in a series of big energy funds, bringing the New Jersey firm’s total fundraising tally to $13 billion in eight years.
1 min read · 08 April 2014
Baird Capital has closed its second European buyout fund at just under $100 million including an investment from J.P. Morgan Chase & Co, as the private equity arm of Robert W. Baird & Co hopes to capitalize on an expected economic up-tick in the region.
1 min read · 22 January 2014
