Private Equity

ACP Plans New Secondary, Distressed Funds

July 30, 2014

ACP Investment Group LLC, co-led by the chief executive of Nyppex Holdings LLC, plans to gather capital for a pair of secondary and distressed debt offerings, according to fund marketing presentations, copies of which were obtained by Bloomberg News. ACP Special Opportunities Fund LP expects to seek $150 million for a secondary fund that

SAC Veterans May Seek $1 Billion for Second Buyout Fund

July 23, 2014

The former private-equity arm of the hedge fund formerly known as SAC Capital Advisors LP will likely seek at least $1 billion for its next buyout fund, according to two people with knowledge of the matter. New York-based Siris Capital Group LLC hired Park Hill Group LLC, the placement agent arm of Blackstone Group

Hellman Sets $10 Bln-Plus Target for Next Fund

July 16, 2014

Hellman & Friedman LLC has set a goal of more than $10 billion for its latest buyout fund, making it part of an elite group of private-equity firms seeking that much capital after the financial crisis. The $10.25 billion target and hard cap is 15 percent larger than the last fund raised in 2009

Health Evolution Seeks Buyer for Calpers Stake

July 2, 2014

Health Evolution Partners, the private-equity firm whose founder David Brailer advised President George W. Bush, is seeking to arrange the sale of its only investor’s stake after disappointing returns, two people briefed on the matter said. The firm has hired Evercore Partners Inc. to help find a buyer for a $500 million commitment made