Fundraising

Gridiron Capital tops $100 mln for third buyout fund

Gridiron Capital has drawn $106 million for its third buyout fund as the middle-market firm looks to follow up its most recent pool that wrapped up in 2012, according to a regulatory filling.

NYC hires four for PE program, even as report shows underperformance

The New York City Retirement System has hired Eneasz Kadziela to replace veteran private equity officer James Del Gaudio, who left in March, according to Eric Sumberg, a spokesman for the city comptroller’s office. Kadziela is one of four professionals to recently join the private markets team, which a report suggests has been falling short of its benchmark.

OpenGate's fundraising not hampered by complaints about closed portfolio companies

OpenGate Capital has been repeatedly criticized for how it handled the closures of three portfolio companies in recent years, but the recriminations have not hindered what is being described as a strong fundraising process for the firm’s debut fund.

SEC probes consulting fees and clawback at Fenway Partners

Fenway Partners is the latest private equity firm to come under the scrutiny of the SEC.

EnCap crushes target, pulls in $6.5 bln for energy fund

lawEnCap Investments has closed on $6.5 billion for its 10th energy fund, hitting its hard cap less than six months after it began fundraising.

Fenway would be a big trophy for SEC

When I heard Fenway Partners got a Wells Notice from the SEC, indicating the agency was preparing an enforcement action against the firm, my first thought was: Yeah, so what?

Former Bush official’s healthcare fund gets new life with HarbourVest

HarbourVest Partners acquired CalPERS’ stake in a one-investor healthcare fund run by a former George W. Bush Administration official the system decided to offload, three sources confirmed.

Tony James: Blackstone scales through new ideas, products

Limited partners these days are a finicky bunch.

CalPERS splashes market with $1 bln private equity portfolio

The California Public Employees’ Retirement System shook up the industry earlier this year when it said it would dramatically slash its number of private equity relationships.

Mannion, Miller to move into advisory roles at Summit

Two senior executives at Summit Partners will step back from day-to-day activity as the firm moves ahead with fundraising for its next flagship vehicle.