Private Equity

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Sterling Investment Partners collects $428.44m for fund

Sterling Investment Partners has raised $428.44 million for its fourth fund, according to an SEC filing.

1 min read · 12 May 2021

NYSCRF approves nearly $420m in commitments

The US public pension fund has backed three buyouts, three growth equity and one co-investment vehicle in its latest round of commitments.

2 min read · 12 May 2021

UBS's Elmhirst departs the bank

Jake Elmhirst, who co-founded the firm's private funds group, had been head of private market content in its Wealth Management unit.

2 min read · 12 May 2021

Side Letter: SoftBank's $30bn; SPAC alignment boost; Coller's credit fund

SoftBank is pouring billions more into its second Vision Fund after a dramatic turnaround in fortunes. Plus: Why sponsors are under pressure to boost alignment in SPACs and Coller Capital is launching a new fund strategy. Here's today's brief, for our valued subscribers only.

3 min read · 12 May 2021

SoftBank bets $30bn of its own capital on Vision Fund II

Vision Fund II launched in 2019 and failed to secure third-party commitments on the back of the underwhelming performance of its 2017-vintage predecessor.

2 min read · 12 May 2021

Sponsors under pressure to boost SPAC alignment – Morrison & Foerster

Caution from the SEC, combined with the sheer number of SPACs in market, could prompt sponsors to recut or restructure their economics, the law firm noted in a webinar this week.

2 min read · 12 May 2021

Chicago Teachers' pension plots its private equity future

The $12.2bn public pension would consider increasing its current 5% target allocation to PE as part of a future asset allocation review, says CIO Angela Miller-May.

5 min read · 12 May 2021

LG Chem confirms $133m commitment

The Seoul-based chemical company has backed a local ESG vehicle.

1 min read · 12 May 2021

KRG spinout Mountaingate unveils second buyout fund with $400m target

Fund II is seeking roughly the same amount raised by Mountaingate’s inaugural fund, closed in 2017 at a $395m hard-cap.

3 min read · 11 May 2021

Transparency key when external buyers threaten GP-led deals

The need for transparency, always a vital aspect of executing a GP-led deal, takes on greater significance when external M&A buyers express interest in picking off choice assets.

3 min read · 11 May 2021

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