J.F. Lehman & Company related stories
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Side Letter: LPs order stakes; Apollo's offensive; PG's $37bn unitADIA asks how much Ardian is worth. Plus: Apollo Global Management is going on the offensive with $50 billion of dry powder and Partners Group has a newly formalised $37 billion business unit. Here’s today's brief, for our valued subscribers only.
Side Letter: KKR's E&F 'overhaul'; ARK's retail push; Investcorp's GP stakes closeKKR believes endowments and foundations may need to overhaul their business footprint to continue generating stellar returns. Plus: Cathie Wood's ARK wants to access retail capital with its new venture fund and Investcorp has closed its debut GP stakes fund. Here's today's brief, for our valued subscribers only.
Connecticut Retirement Plans approves $325m in commitmentsThe Hartford-based public pension has backed four private equity funds.
JF Lehman eyes year-end close on fifth flagshipFunds I and II generated huge loss ratios but changed strategy Fund III onwards brought the ratio to zero.
JF Lehman hires former US Army vice chief of staffGeneral John F. Campbell has joined the firm’s operating executive board to assist in sourcing and evaluating deals, among other responsibilities.
- JF Lehman acquires Spring Energy Services
The PE firm specialising in the maritime, defence and aerospace sectors adds Sprint to its portfolio
- JF Lehman closes Fund III above target
The firm has raised $575m for its third buyout fund that will target companies in the defense, aerospace and maritime sectors.
- JF Lehman seeks $450m for third fund
The Connecticut Retirement Plans and Trust Funds is considering a commitment to JFL Equity Investors III.
- US auto bailout to aid buyout firms
Many private equity firms have exposure to the US auto sector that was teetering on the edge of collapse. The US government's multi-billion efforts to prop up the big three US auto makers will accordingly affect many portfolios, not just Cerberus'.
- JF Lehman-backed SDI files for bankruptcy
The auto-parts supplier has succumbed to its debt load after failing to refinance $53m on loans. Distressed debt firm Wayzata Investment Partners has bought the company’s debt and will control the bankruptcy process.