Mid-market

Oh, a former Apollo senior partner, founded Mountain Capital to be a control investor in complex situations and turnaround opportunities in the oil and gas industry.

New Mountain recently put the final touches on a management and ownership succession that left Blackstone and managing directors holding one-third of Steve Klinsky’s prior 100% stake.

Structured equity strategies have grown in popularity, as related investing helps company owners to finance operations or growth objectives without diluting their stakes.

Periscope, an investor in lower mid-market, tech-enabled services and software companies, two years ago closed its debut fund at $104 million.

Knox Lane, which invests in mid-market consumer and services businesses, was founded late last year by TPG Growth alumni John Bailey and Shamik Patel.

Founder Fraser Preston said if every private equity firm pledged 5% of annual revenue to anti-racism causes, the industry-wide contribution would amount to more than $1bn.

Radial Equity Partners was founded in 2019 by Phil Carpenter, an 18-year veteran of Irving Place, the former Bear Stearns Merchant Banking.

Northleaf is expecting a range of “high-quality assets” to come to market once owners “react to their own short-term liquidity needs,” managing partner Stuart Waugh told Buyouts.

If Thoma Bravo Fund XIV meets it $16.5 billion target, it will be largest flagship pool in the Chicago private equity firm’s 40-year history.

If Sterling Group Partners V meets its goal, it will be the largest flagship fund raised in the Houston private equity firm's 38-year history.