Private Equity

Fundraising

First Reserve quietly closes Fund XIII well below target

The market has spoken, and First Reserve has a much smaller fund.

2 min read · 02 October 2014

Blackstone’s secondaries group to close on $4.4 bln

The Blackstone Group’s private equity secondaries group, Strategic Partners, is set to close its first fund under the Blackstone banner on about $4.4 billion, according to two people with knowledge of the fundraising.

2 min read · 02 October 2014

Quantum eyes $3.25 bln hard cap for energy-focused Fund VI

Quantum Energy Partners is holding a second close on its sixth fund at about $2.5 billion, which is the fund’s target, a person with knowledge of the process told sister website peHUB.

2 min read · 01 October 2014

Incentives part of routine offering from GPs on fundraising trail: UPDATED

The news that TPG Capital is offering incentives to limited partners to commit to its seventh flagship buyout fund didn’t come as a surprise to many LPs.

6 min read · 30 September 2014

Michigan MBA students launch school’s first private equity club

Two students at the University of Michigan’s Ross School of Business have started the school’s first private equity club to strengthen the relationship between students interested in the industry and professionals.

2 min read · 26 September 2014

Carlyle gave LPs option not to use smart badges

The high tech name badges that The Carlyle Group used to track the movements of its limited partners at its annual meeting in September are part of a suite of technologies being used increasingly by conference organizers and event planners.

2 min read · 25 September 2014

Using smart chips, Carlyle Group tracked LP movements at annual meeting

First, there was the National Security Agency. Now, we have…The Carlyle Group?

2 min read · 24 September 2014

Bregal pulls back on $400 mln secondary sale

Bregal Investments has decided to pull a sale of a portfolio of private equity fund interests with a net asset value of about $400 million, according to three people with knowledge of the process.

2 min read · 23 September 2014

Barclays spinout Glendon collects $380 mln for debut

Glendon Capital Management, launched by former distressed debt executives from the British bank Barclays Plc, has collected about $380 million for a first closing on its debut fund targeting $1 billion, according to two people with knowledge of the fundraising.

1 min read · 23 September 2014

Wanstrath joins Texas Teachers’ from Partners Group

The Teacher Retirement System of Texas has hired Partners Group executive Shelby Wanstrath as an investment manager on the private equity team, system spokeswoman Juliana Fernandez Helton confirmed.

1 min read · 19 September 2014

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