Fundraising

Smaller, Newer Funds To Benefit From Marketing Rules

America’s buyout shops aren’t exactly falling over one another to take advantage of liberalized rules for marketing their funds, according to fund sponsors and market watchers.

NEED TO MEET: R. MICHAEL HOLT, Founder And Managing Director, Holt Private Equity Consultants

LPs Placing Their Chips On Turnaround Strategies

Double dip or no double dip, backers of U.S. turnaround shops are gearing up for an increase in financial distress. At least 14 such funds are, or have recently been, in the market this year, seeking to raise $27.3 billion, according to Thomson Reuters data.

SEC Proposes Lifting Marketing Ban, With Big Caveat

Buyout industry watchers say change is likely to come slowly in the fundraising market, even though the Securities and Exchange Commission has proposed rules to ease marketing restrictions that date back nearly 80 years.

LNK Partners Closes Fund II At $400 Million

GE Capital Partners With CLO Manager

NEED TO MEET: EVAN J. SEGAL, Entrepreneur, Author

KKR, Stone Point Team On Capital Markets

Summit Partners Tops Goal With $520M Credit Fund

Count the growth equity firm Summit Partners among those raising new funds to meet the credit needs of portfolio companies. The Boston-based firm announced Aug. 1 that it had closed a $520 million credit fund, well ahead of the vehicle’s $300 million target.

Fund Performance Report: Cleantech’s Unpopularity Impacts CalPERS’ Venture Portfolio

Among the CalPERS investments with falling IRRs are Khosla Ventures III and Khosla Venture Seed, both from 2009