Kainos Capital

The mid-market US firm has hired Kim Homa and Robin Olsson.

The firm, which spun out of HM Capital Partners about four years ago, closed its second fund on nearly double the amount of capital raised for its debut fund.

The firm continues to pursue opportunities in the food and consumer goods market.

The sale comes as Kainos continues to amass capital for its second fund, targeting $750m.

Kainos Capital previously raised $475m for its debut fund in 2013, beating its $400m target.

Kainos Capital, targeting $400m, received hefty backing from the Canada Pension Plan Investment Board, which committed more than $100m to Fund I and is also helping Kainos become an independent firm.

Kainos Capital, targeting $400m, received hefty backing from the Canada Pension Plan Investment Board, which committed more than $100m to Fund I and is also helping Kainos become an independent firm.

Kainos Capital, which is targeting $400m for its debut fund, is working to convince LPs that the team’s long experience investing in food and consumer products will translate to strong returns.

The consumer sector has seen deals take place in the household products, wellness, and travel and tourism segments so far this year.

The Toronto-based public pension has backed six private equity vehicles.

The pension system approved commitments to two new managers and two re-ups.

The troubled US pension has sold 11 fund stakes on the secondaries market across buyout, energy and growth strategies since accepting bids in November.

PRIM, which has been building on its co-investment programme to cut fees and carry, has steadily reduced carried interest expenses in the past few years.

A rush of North American private equity firms have announced promotions and new hires as 2016 begins and business resumes following the holidays.

Two energy executives from HM Capital, Jason Downie and Edward Herring, have formed a new firm with the help of Landmark Partners that will manage existing energy investments.

Two energy executives from HM Capital, Jason Downie and Edward Herring, have formed a new firm with the help of Landmark Partners that will manage existing energy investments.