Private Equity
Secondaries specialist Landmark Partners has collected around $3.2 billion for its 15th private equity secondaries fund and is approaching a final close, three people with knowledge of the fundraise said.
1 min read · 18 September 2014
The Blackstone Group is targeting a total of $7 billion to $8 billion for its second generation Tactical Opportunities fund, according to two people with knowledge of the situation.
2 min read · 17 September 2014
The Blackstone Group LP is targeting “early 2015” for a first close on its next flagship private equity fund, which has recently started fundraising, according to three people with knowledge of the situation.
2 min read · 16 September 2014
The California Public Employees’ Retirement System, which manages some $300 billion in assets, has hired Mahboob Hossain as a senior portfolio manager to oversee co-investments made alongside private equity fund managers, Joe DeAnda, a spokesman for the system, confirmed. Hossain started in the role Sept. 1.
2 min read · 15 September 2014
The Carlyle Group, one of the world’s largest private equity firms, has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia investments
3 min read · 15 September 2014
David Robbins, a managing director at H.I.G. Bayside Capital, has left the firm, joining a group of managing directors who have departed in the past few years, according to two people with knowledge of the firm.
2 min read · 12 September 2014
Canadian firm EdgeStone Capital Partners is restructuring two funds to give existing investors the option of cashing out or rolling their interests into a new vehicle, according to three people with knowledge of the situation.
3 min read · 10 September 2014
The State of Wisconsin Investment Board has been reviewing its private equity portfolio in search of inappropriate fees and expenses, according to documents from the pension system.
2 min read · 10 September 2014
Brazos Private Equity Partners decided earlier this year not to raise another fund and wind down. At the time, partner Michael Salim said some partners would be splitting off to pursue their own ventures, while continuing to manage out the portfolio. Now comes word that co-founder and co-chief executive Randall Fojtasek has formed a new firm, CenterOak Partners, to pursue control-oriented investments in mid-market companies.
1 min read · 10 September 2014
Credit asset manager Golub Capital has hired two lending professionals to help lead an expansion of the firm’s focus into the upper middle market, the firm announced.
1 min read · 09 September 2014
