Fundraising

‘Mini Apollo’ Gamut targets $750 mln for debut fund

There’s a mini Apollo Global Management in the making.

Resource Land Holdings targets $300 mln for fifth fund

Resource Land Holdings plans to raise $300 million for its fifth buyout fund since the Denver-based firm launched in 1998 for opportunistic investments in agricultural, timber and mining properties in the U.S., according to a filing.

Advent proposes dropping preferred return for next flagship mega-fund

Here’s a sign of the times: Advent International has decided to not include a preferred return in its next flagship fund, which will target $12 billion.

Fortress loses PE-focused MD Arvedlund

Maggie Arvedlund, a managing director who focused on private equity within Fortress Investment Group’s struggling hedge fund business, has left the firm for undisclosed reasons, according to two people with knowledge of the situation.

Vista raises ambitions for several funds soon to launch

Go big or go home. That could be the motto of Vista Equity Partners.

Cinven eyes $5.5 bln for sixth Euro-focused buyout fund

AIP nears close on $1.75 bln for Fund VI

American Industrial Partners is preparing to close its sixth fund on around $1.75 billion, which could happen this week, according to three limited partners with knowledge of the firm.

Riverstone raises $181.4 mln toward $1 bln energy credit fund

Riverstone Holdings has raised at least $181.4 million for its debut energy credit fund that is targeting $1 billion, according to a filing with the SEC.

Clearlake cleans up with final close on $1.38 bln for Fund IV

Just three months after hitting the market, Clearlake Capital Group closed its fourth flagship fund on its $1.38 billion hard cap.

First Reserve loses 2 fundraising execs: Updated

The group of fundraising executives exiting First Reserve has grown with the departures of investor relations manager Neil Horn and Vice President William Pearce.