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Sterling Group collects $820m for Fund IIIThe Houston-based firm exceeded its target and took 10 months to raise capital for its third fund, according to partner Kevin Garland.
- Genstar invests in Canadian oil sands services
Oil sands-related construction services company Voice Construction has been acquired by middle market investor Genstar Capital. The 173 billion barrels of oil tucked away in Alberta’s oils sands have become increasingly lucrative as oil prices skyrocket.
- Sterling Group closes $470m fund
The Houston-based private equity shop has closed its second fund on $470m, including a $20m commitment from the firm’s principals.