Fundraising

Hamilton Lane and Paul Capital buyout talks end

Hamilton Lane held talks with secondary specialist Paul Capital to acquire the smaller shop, but the talks ended without any agreement on a deal, three people with knowledge of the process told sister news service peHUB.

Newbury executive joins Singapore's GIC

Brian Kapetanis, a vice president at secondary firm Newbury Partners, has left the firm and joined the Government of Singapore Investment Corp, according to a person with knowledge of the situation and Kapetanis’s LinkedIn profile, sister news service peHUB reported.

ABRY Partners launches third senior debt fund targeting at least $1 bln

ABRY Partners has launched its third senior debt fund targeting at least $1 billion, according to two people with knowledge of the firm, sister news service peHUB reported.

Five questions with Claire Kendrick, managing director, head of economic research, Z Capital

Executive discusses the state of the world economy and how it impacts Z Capital’s investments

Need to meet Todd Rovak, managing partner, Fahrenheit 212

The next great idea for innovating in business is probably not going to come from a spreadsheet, says Todd Rovak, a managing partner at the consulting firm Fahrenheit 212.

RLJ Credit closes SBIC fund with $135 mln capacity

Robert L. Johnson, a cable television pioneer turned investment mogul, has added another arrow to his strategic quiver by launching a credit fund targeting lower mid-market companies.

H.I.G. Capital closes mid-market LBO fund at $1.75 bln hard cap

The multi-strategy private equity firm H.I.G. Capital LLC has closed its sophomore fund for mid-market buyouts at its $1.75 billion cap, the firm announced.

Lariat Partners in homestretch on debut $125 mln fund

Lariat Partners, whose founders came from KRG Capital Partners and RedCloud Capital, is nearing a final close for its debut fund, which has been targeting $125 million, according to two people with knowledge of the fund offering.

Junior debt providers cut return expectations

Providers of junior capital, facing the reality of heightened competition for deals, are lowering their expectations of the returns they will get, according to KeyBanc Capital Markets.

Blackstone holding AlliedBarton plans a recap on $1.2 bln loan package

Taking advantage of the portfolio company’s strong cash flows and a lending market featuring interest rates at historic lows, The Blackstone Group LP is planning to take a dividend from Allied Security Holdings LLC, its second such payout from the portfolio company in the past 15 months.