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By Sabrina Willmer Billionaire investor T. Boone Pickens, Jr. is seeking $500 million for a private-equity fund that will make natural gas investments, according to two people familiar with the situation. BP Natural Gas Opportunity Partners LP will use a hybrid strategy of making both supplyside investments in natural gas resources and demand-side investments around [...]
Odyssey Investment Partners LLC expects to seek at least $1.5 billion for its next fund that will make control investments in middle-market companies, according to two people familiar with the situation. Click here to continue reading sample article.
By Sabrina Willmer Mount Kellett Capital Management, founded by two former Goldman Sachs Group Inc. executives, plans to raise a new fund matching the $4 billion gathered in 2012 for its last global special situations vehicle, according to two people familiar with the situation. Mount Kellett Capital Partners Fund III, which is targeting a first [...]
The introduction of new FDIC regulations has slowed the tightening of spreads on Triple A rated tranches of U.S. CLOs backed by widely syndicated loans. Once investors digest the changes and recent supply is absorbed, the market may tighten to its lowest since 2008. CLICK HERE FOR MORE
By Sabrina Willmer KRG Capital Partners has pulled its latest buyout vehicle from the fundraising market as three of its original five managing directors will not take part in any future funds, according to two people familiar with the situation. Charles Hamilton, 64 years old, Christopher Lane, who is 51, and co-founder Charles Gwirtsman, 59, [...]
Big private equity firms are working to make their products more accessible to non-accredited investors, with 401(k) plans seen as the holy grail. Here, we explore the stumbling blocks and potential solutions. Click the image below to open. Please note this is a sample report – access to the full report is for subscribers only. Call us on +1 212 [...]
By Sabrina Willmer KKR & Co. is seeking $1.5 billion for an energy fund that will invest in oil and gas development at the asset level, according to two people with knowledge of the firm’s plans. The New York-based firm will primarily use the KKR Energy Income & Growth for drilling partnerships with a goal [...]
TH Lee Putnam Ventures, a partnership between buyout firm Thomas H. Lee Partners LP and mutual fund manager Putnam Investments, is giving investors the option of selling their stakes in its private-equity fund raised more than a decade ago, according to two people familiar with the situation. The New York-based firm is seeking a buyer [...]
The deteriorating finances of the largest leveraged buyout in history is exposing the increasingly diverging interests of its private-equity owners led by KKR & C0. and TPG Capital and the secured lenders who helped finance the $48 billion deal in 2007. Click here to continue reading
By Sabrina Willmer Thoma Bravo is weighing a co-investment vehicle that would make software investments alongside its $1.25 billion fund from last year and a possible successor fund, according to a presentation obtained by Bloomberg. The fund, which would target $300 million, would be used when Thoma Bravo Fund X LP is unable to provide [...]
