Fundraising

Former VSS Buyout Executive Sues For Severance

Another buyouts executive has sued his former employer, in this case seeking severance pay after being let go for allegedly not being willing to sign an employment contract that would limit his options after leaving the firm.

BDC Exec Sees Growth For Non-traded Lending Vehicles

The BDC industry is likely to continue to expand as banks shift away from risky cash-flow loans, and non-traded BDCs are planning to capture a growing share of that expansion, says Robert K. Grunewald, the chief investment officer of non-traded Business Development Corporation of America.

Crescent Capital's Mezzanine Fund Among Biggest In Years

Mezzanine financing may be under pressure amid competition from cheaper sources of loans, but that hasn’t stopped Crescent Capital Group from raising one of the biggest funds in recent memory dedicated to the junior capital class.

Onex Launches Fund IV With $4.5B Target

Onex Corp, the publicly traded Canadian buyouts investor, is downsizing slightly for its latest vehicle.

Oklahoma Police Ramps Up PE Program

The Oklahoma Police Pension & Retirement System has quietly made a return to private equity.

Mostly Strong Gains Logged In Second Quarter

The nation’s publicly traded private equity firms generally posted strong growth in earnings and fee-earning assets in the second quarter, boosted by markups in their portfolio assets and by strong exits from some holdings.

Need To Meet: Colin P. Cross, Senior Managing Director, Crystal Financial

With Europe’s economy continuing to struggle and lenders on the Continent constrained in lending for deals, specialty finance company Crystal Financial sees an opportunity, according to Colin P. Cross, a senior managing director at the Boston-based lender.

Sentinel Capital Raises $1.3B With One Close

It looks like we can add Sentinel Capital Partners to the “have” side of the balance sheet. The New York-based buyout shop announced the first and final closing of Sentinel Capital Partners V LP at the fund’s $1.3 billion hard cap.

NXT Capital Creates $783M Pool For Senior Loans

Leveraged lender NXT Capital LLC has raised $283 million for a new loan fund earmarked to finance sponsor-backed deals.

Defaults To Rise, But Remain Low by Historic Norms: Moody's

Rising interest rates are likely to lead to an increase in credit defaults and delinquencies later this year, but their impact will be modest by historical standards, according to market watchers at Moody’s Investors Service Inc.