Fundraising

Paul Capital partner Sullivan to depart as firm sells off Fund VII

Brian Sullivan, a partner at Paul Capital, has left the firm and joined Grosvenor Capital Management to work on its growing private equity team, according to a person with knowledge of the situation and a Paul Capital investor letter.

Ex-Oaktree execs target $500 mln at Solace Capital

Solace Capital Partners, a special situations firm launched by former executives of Oaktree Capital, is preparing to hit the market targeting $500 million for its debut vehicle, according to three people with knowledge of the fundraising.

Agribusiness fund seeks $250 mln

Taking aim at one of the less-traveled areas of private equity, Agriculture Capital Management is targeting $250 million for a debut fund called ACM Permanent Crops.

Crestview collects $2.4 bln on Fund III

Crestview Partners, the buyout firm founded by two Goldman Sachs private equity executives in 2004, is closing in on its $3 billion target, according to a person with knowledge of the fundraising.

Regal joins family office Briar Hall

Mark Regal, former partner in the Credit Suisse Customized Fund Investment Group, now part of Grosvenor Capital Management, has joined family office Briar Hall in Chicago as director of investments.

Former Northern Trust LP Woods joins Harbour Group

Limited partner Bethany Woods has joined Harbour Group as a director of corporate development, confirmed Paul Wagman, a spokesman for the firm.

New faces as H.I.G. Capital targets next Bayside fund

H.I.G. Capital is betting it can find big value in struggling companies in the lower end of the market.

Brazil’s NEO Investimentos targets foreign capital

NEO Investimentos, a Brazilian-based GP, is raising its third fund and targeting international limited partners for the first time, according to two people with knowledge of the process, as well as regulatory documents.

Kelso offers market-beating terms on Fund IX

Kelso & Co, which is in the market targeting $2.5 billion for its ninth fund, is kicking in a $500 million GP commitment, or 20 percent of the target, according to public documents.

LPs navigate most crowded fund market

There are more private equity funds in the market this year than ever before. And that has made for a busy summer for some GPs and LPs.