Fundraising

The Washington, DC-based buyout firm, which focuses on mid-market contractors to the US government, is looking to grow in size: it is targeting $350m for its second fund, up from the $250m target for its debut fund.

The buyout firm, which invests in food and beverage companies, has also closed on its first debt vehicle, which will provide a source of subordinated debt for its fourth fund.

The fast-growing venture capital firm co-founded by Joshua Kushner – whose brother Jared is Donald J. Trump’s son-in-law – raised almost double the $400m it secured in 2014, and will now be managing almost $1.5 billion in assets.

Pelican Energy’s latest offering was oversubscribed, signaling strong LP appetite for a fund investing in energy services and equipment companies even as oil prices plummeted below $30 a barrel earlier this year.

Healthcare and M&A specialist Richard Zall, a partner at New York-based law firm Proskauer Rose, says PE fund managers need to develop networks of advisers with specialised knowledge if they want to outmanoeuvre strategic buyers.

Boston, a veteran in the placement business, will be based in MVision’s New York office.

The private equity firm that specialises in distressed turnarounds has raised its first fund to invest specifically in European buyouts.

Once raised, the vehicle will commit to three of Johannesburg-based Ethos’ current offerings, including its newly launched credit strategy, and will buy a secondary stake in the firm’s existing sixth fund.

Gary Bialik takes up his post at a time of transition for the New York-based firm, which is considering new investment opportunities after suspending fundraising for its sixth fund last summer.

The latest LP vote provides a way forward for the firm, which had paused fundraising following the death of founder Claudio Sposito in January.