KPS Capital Partners related stories
All articles and analysis
peHUB Wire: Wednesday, March 24, 2010The LP Collusion Canard
- peHUB Wire: Wednesday, March 24, 2010
The LP Collusion Canard
- PE fund briefs, week of Jan. 11, 2010
CD&R raises its eighth vehicle and other fund-raising news briefs
- Monomoy Capital Back In Fundraising Mode
Monomoy Capital Partners is back in fundraising mode, raising $250 million for its second turnaround vehicle focused on the smaller end of the middle market. The New York-based firm was formed in early 2005, when four investors with turnaround giant KPS Capital Partners left to hang their own shingle. "There's just not as much capital chasing the small-middle market. We saw an opportunity and decided to pursue it," co-founder Stephen Presser explained at the time.
- 2009 Private Equity Timeline
2009 is fast coming to an end, so we figured it was time to take a chronological look back at the year's top private equity stories. Consider it a timeline of sorts (a venture capital one will be posted later this month). Lots of scandals and failures, with a smattering of successes mixed in. Get it after the jump...
- The Year in Private Equity Quotes
Good riddance, 2009. We've compiled 17 funny, smart or just plain delusional statements LBO pros made this year. Get them after the jump...
- KPS Does Right By Its Non-Investor
A couple months ago, we reported that turnaround firm KPS Capital Partners had raised $800 million /49385/kps-tops-off-fund-iii-with-800million/ in “top-off” capital for a $1.2 billion third fund that originally closed in 2007. The new effort was oversubscribed, even though KPS retained its 2007-vintage 25% carried interest structure and 50/50 fee split. Why would LPs pile back into a fund with such gaudy terms? Doesn’t this contradict what I wrote yesterday about Greylock’s success partially deriving from generous LP treatment? I would have thought so, until reading an item in this morning’s Private Equity Insider (which peHUB has since confirmed independently): Alameda County Employees (not an existing Fund III investor) approved up to $30 million in commitments for the top-off fund, but ultimately got shut out because of existing LP demand. Alameda was displeased, and asked KPS to reimburse the pension system for legal costs related to
- peHUB Wire: Wednesday, November 4, 2009
56,000 and Counting…
- peHUB Wire: Wednesday, November 4, 2009
56,000 and Counting…
- LP Briefs, November 2009
Texas to Commit to Up to 3 VCs, Two Plead Guilty in NY Scheme, Pay-to-Play Defendant Resurfaces as FoF Manager, Grove Street to Pledge Up to $500M, Guardian Life Reveals PE plans, San Diego Hires Outside CIO, CalSTRS Commits $330M