Private Equity

Quantum PE Group to Spin Out, Seek $700 Million

November 19, 2014

The Quantum Resources investment team is starting a new firm following the pending merger of its publicly traded partnership with Breitburn Energy Partners LP, said Alan Smith, chief executive officer. Rockcliff Energy LLC is seeking $700 million to invest primarily in conventional and unconventional drilling and lease acquisitions, said Smith. This is a shift

Blackstone Said to Get $1.5 Bln for Core Property Fund

November 12, 2014

Blackstone Group LP has commitments of about $1.5 billion for its first fund to buy stable, well-leased U.S. commercial real estate. The fund, Blackstone Property Partners, planned to hold its first close on capital commitments Nov. 7, a person with knowledge of the matter said last week. Blackstone agreed to buy 1740 Broadway, a

Carlyle Said to Seek $2 Billion for New Midmarket Fund

November 5, 2014

BY SABRINA WILLMER AND DEVIN BANERJEE Carlyle Group LP, the world’s second-biggest manager of alternative investments such as private-equity holdings and real estate, is seeking $2 billion to invest in mid-sized U.S. companies. The Washington-based firm is preparing marketing materials for Carlyle Equity Opportunity Fund II, said two people with knowledge of the plans.

Warburg Said to Seek $11 Billion for Next Global Fund

October 29, 2014

Warburg Pincus LLC plans to seek a global private equity fund similar in size to its$11.2 billion pool raised last year, three people with knowledge of the matter said. The firm expects to start raising its 12th fund in the middle of 2015, said one of the people. The firm finished

EnCap Said to Seek $5 Billion for Next Energy Fund

October 22, 2014

BY SABRINA WILLMER EnCap Investments LP will seek $5 billion for an energy fund as it prepares for an increase in spending on exploration and production, according to two people with knowledge of the plans. The firm’s 10th fund will start gathering capital in November, said the people. The fund will invest in upstream

WL Ross Said to Launch New Fund With New Execs

October 15, 2014

BY SABRINA WILLMER AND DAVID CAREY WL Ross & Co., run by 76-year-old turnaround financier Wilbur Ross, is planning to raise its next private equity fund after management changes earlier this year installed a second generation of leadership. WL Ross is targeting $1 billion to $2 billion, according to two people with knowledge

Brookfield Said to Plan $3 Billion Private Equity Fund

October 8, 2014

BY SABRINA WILLMER Brookfield Asset Management Inc., Canada’s biggest manager of alternatives to stocks and bonds, is seeking a global private equity fund three times the size of its last pool, said two people with knowledge of the matter. The firm is targeting $3 billion for Brookfield Capital Partners Fund IV LP after gathering

Around the World: Seven Days

October 1, 2014

This chart was taken from the Bloomberg Brief Private Equity Newsletter. To take a complimentary 30 day trial click here. 

Ex-Reservoir Exec Raises Hybrid PE-Hedge Fund

September 24, 2014

BY SIMONE FOXMAN Adeel Qalbani, a former executive at Reservoir Capital Group, has raised almost $400 million for an investment pool that will blur the lines between private equity and hedge funds, a person briefed on the matter said. Qalbani’s new firm, New York-based Perry Creek Capital LP, may invest in a companies in

Kerogen Targets $1.5 Billion for Second Energy Fund

September 17, 2014

BY SABRINA WILLMER Kerogen Capital, whose founders once worked together in JPMorgan Chase & Co.’s Asia-Pacific energy and natural resources group, is seeking $1.5 billion for its next fund, two people briefed on the matter said. The firm, with offices in Hong Kong and London, will invest Kerogen Energy Fund II LP in small