Fundraising

FFL to close Fund IV above $1.5 bln target

FFL Capital Partners IV is said to be on its way to a final close above its $1.5 billion target, a market source told Buyouts.

Two Chicago Growth execs raise $350 mln for new fund

Two executives from Chicago Growth Partners, which decided to stop raising its third fund earlier this year, have raised more than $350 million for investments in rapidly growing companies, a person with knowledge of the plans said.

New York State Teachers’ loses PE co-manager

Sean Holland, co-manager of private equity at the New York State Teachers’ Retirement System, has left the pension fund, John Cardillo, spokesman for the pension system, confirmed.

Apollo taps high net worth channel for Credit Fund III

Apollo Global Management has raised about $1.5 billion for its Credit Opportunity Fund III, which is targeting $2.5 billion for investments primarily in U.S. and European credit.

JPMorgan’s One Equity finds path to independence: UPDATED

JPMorgan Chase’s private equity investment group One Equity Partners has finally found a path to spinning out on its own.

Bregal Investments shops $400 mln funds portfolio

Bregal Investments is shopping a portfolio of funds with a net asset value of about $400 million on the secondaries market, according to three people with knowledge of the process.

Apollo cites separate accounts as big growth area

As the universe of private equity limited partners expands to include massive pools of capital like sovereign wealth funds, firms are working to find ways of satisfying growing appetite for specially tailored accounts that meet specific investment needs.

NGP Energy Capital collects $1.3 bln for first close on Fund XI

NGP Energy Capital Management, the veteran energy firm backed by The Carlyle Group, has held a first close on its 11th energy investment fund on about $1.3 billion from 92 investors, according to a filing with the U.S. Securities and Exchange Commission this week.

Wynnchurch eyes $1 bln target for Fund IV

Wynnchurch Capital has been talking to limited partners about its next fund, which could hit the market in the next month or two with a potential target of up to $1 billion, according to two people who have heard the pitch.

Setter Capital sees $22 bln secondary volume in H1

Here it comes again…the second shot across the industry at estimating half-year volume on the hyperactive secondaries market. Secondaries intermediary Setter Capital has estimated total market volume in the first half at about $22 billion. This is a big jump from the $16 billion reported by rival firm Cogent Partners for first half activity.