Fundraising

Abbott Capital halfway to $400 mln target on buyout F-o-F III

A single cash infusion has brought fund-of-funds manager Abbott Capital Management LLC halfway to its goal for its third dedicated buyout fund.

Maranon tops $107 mln for second mezz fund

Maranon Capital LP continues to recharge its lending capacity. The Chicago leveraged lender has closed on $107.5 million for it sophomore mezzanine fund, according to regulatory filings, two months after the firm raised $330 million for its second senior credit fund.

Castlelake tops $500 mln for first independent fund

Distressed debt and aviation finance investor Castlelake LP, which separated itself in August from long-time buyout affiliate TPG Capital, has topped the $500 million mark for its first fund as an independent investment shop, according to a regulatory filing.

Giant Dutch pension fills out NY private equity investment team

APG Asset Management, the New York-based investment group of the huge Dutch pension administrator, has rounded out its senior investment team with the recent hire of Michael Dymond as a senior portfolio manager, a spokesperson told sister website peHUB.

Riverside scores second-largest gain in its history on exit

The Riverside Company has scored a major exit that marks the second-largest gain in its 25-year history.

Florida SBA considers slight hike in private equity target

The Florida State Board of Administration is considering increasing its target to private equity by 1 percentage point as it reduces its target to fixed income, according to sister publication peHub.

Citi sells off another private equity group

The Volcker rule has claimed another victim.

Washington moves encourage buyout shops

Buyout pros have felt like political punching bags in the wake of the financial crisis, with legislators and regulators imposing unprecedented new obligations, but as the clock winds down on 2013, a series of votes in Congress and at the Securities and Exchange Commission are giving the industry some encouragement that 2014 may be a better year.

Flurry of IPOs provides exits for some mega-buyouts; others languish

A flurry of recent initial public offerings has paved the way for successful exits for the sponsors of the some of the biggest leveraged buyouts of the past decade, but the fate of the remaining handful of companies in private equity portfolios remains uncertain at best.

Carlyle forms strategic account with PA SERS

The Carlyle Group has formed a strategic account with the Pennsylvania State Employees’ Retirement System, sister news service peHUB reported.