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It’s been a year since we published the first issue of Bloomberg Brief: Private Equity, on Dec. 7, 2011, and we’re celebrating! We’ve had one key aim with every issue: to link fund managers looking for capital with investors interested in those fund managers’ strategies. We’ve done this through fundraising scoops and exclusive stories on LP commitment plans globally. [...]
Apollo Global Management LLC will give investors a greater share of deal fees in its next flagship fund than it offered in the past, according to two people familiar with the situation and fund documents viewed by Bloomberg News. Apollo Investment Fund VIII LP, which is seeking $12 billion, will direct 80 percent of fees it charges portfolio [...]
EIG Global Energy Partners LLC, a spinout from TCW Group Inc., plans to seek $4.25 billion for its next energy fund in 2013, according to two people familiar with the situation. EIG Energy Fund XVI LP’s predecessor gathered $4.12 billion in 2011. The new fund, which plans to officially come to market in February, will make [...]
KRG Capital Partners is seeking $1.5 billion for its next fund that invests in middlemarket companies, according to two people familiar with the situation. KRG Capital Fund V LP is targeting less than the around $2 billion the prior fund gathered in 2007. The firm sent out marketing materials for the fund last week, one of [...]
Clayton Dubilier & Rice LLC plans to seek about $5 billion for its next fund, the same amount it gathered last time, according to three people familiar with the situation. Clayton Dubilier & Rice Fund IX LP is expected to officially come to market next year, said one of the people familiar. The New York-based firm [...]
Bloomberg Brief Private Equity has arranged to provide readers with a free sample chapter from Jason Kelly’s book “The New Tycoons”. To read the chapter click here.
KPS Capital Partners LP plans to seek $3 billion for its next special situations fund, which it will officially begin marketing next year, according to two people familiar with the matter. The new fund will likely come to market in the second quarter, said one of the people. The fund’s predecessor, KPS Special Situations Fund III, originally [...]
HgCapital LLP is seeking 1.75 billion British pounds ($2.8 billion) for its next fund that will make private equity investments in Europe, according to a summary of terms viewed by Bloomberg News. HgCapital 7’s hard cap is 2 billion British pounds, slightly more than the close to 1.9 billion British pounds the prior fund gathered in [...]
Greycroft LLC, the venture-capital firm co-founded by Alan Patricof, is seeking $175 million for its next early-stage fund that will back digital media companies, according to two people familiar with the situation. The amount sought by Greycroft Partners III LP tops the $130 million raised by the prior fund in 2010. That fund has an unrealized net [...]
Resource Capital Funds is seeking $1.75 billion for its next mining-focused private equity fund, more than its predecessor, a 2009 fund that closed at just over $1 billion, according to a person familiar with the situation. Resource Capital Fund VI LP will invest from $10 million to about $200 million in both private and public [...]
