Managers

Yorktown targets $1.7bn with 11th fund

The energy-focused private equity and venture capital firm is raising $1.7bn for Yorktown Energy Partners XI, following its 10th fund that closed on $1.5bn in 2013.

Gulf Capital targets Q2 credit fund close

The new fund will target a cash yield of 8-10 percent and internal rate of return of 18 percent.

Chart of the week: Competition heats up between private equity and corporate debt

<p><em><span>As private equity fundraising continues to slip, debt markets are growing.</span></em></p> <p><em><span> <br /></span></em></p>

Oaktree Capital opens Sydney office

Newly appointed managing director Byron Beath will lead the Australia and New Zealand operations of the firm.

Adveq launches third secondaries fund

The firm is seeking north of $175 million for Adveq Secondaries III.

Fundless sponsors find success in tough deal-making environment

PEI Awards 2015 Secondaries: Ardian, Credit Suisse reign

NewQuest Capital Partners took the gong in Asia, while CalPERS and Strategic Partners clinched the top spot for Secondaries Deal of the Year in the Americas.

PEI Awards 2015 Legal Firms: KWM takes gold

King & Wood Mallesons picked up three awards for its achievements in Europe and Asia in 2015, alongside wins from Kirkland & Ellis, Debevoise & Plimpton and Clifford Chance.

KKR enters arbitration over struggling Brazil investment

Castle Harlan-backed Burger King chain sees uptick in Puerto Rico