Private Equity

Morgan Stanley Bucks Bank Trend Away From Buyouts

January 14, 2015

BY SABRINA WILLMER Morgan Stanley’s private equity unit is seeking $1.5 billion for a fund that will make buyout investments mostly in North America even as banking peers withdraw from the asset class, said two people with knowledge of the matter. The New York-based bank’s global private equity team is seeking more

Inverness Graham to Seek 50 Percent Bigger Fund

January 7, 2015

Inverness Graham is targeting $225 million for its next private equity fund that will purchase manufacturing, technology and services companies, said two people with knowledge of the matter. The firm is raising money for its third fund that could be at least 49 percent larger than the last pool, which gathered $151.5 million, said

Blackstone Energy Fund Said to Near $4.5 Billion Close

December 17, 2014

BY DAVID CAREY AND SABRINA WILLMER Blackstone Group LP expects its second global energy fund to gather more than $4.3 billion by next week, according to a person with knowledge of the matter. Blackstone is seeking as much as $4.5 billion for the fund run by David Foley, 47, said the person. That

TPG Said to Seek $3 Billion for Third Growth Fund

December 10, 2014

BY SABRINA WILLMER TPG Capital’s growth-investing arm, a backer of technology startups Uber Technologies Inc. and Airbnb Inc., is seeking as much as $3 billion for a global fund, two people with knowledge of the matter said. The firm’s third growth fund is expected to be larger than the $2 billion predecessor raised in

Blackstone Said to Offer Fee Break to Early Investors

December 3, 2014

BY SABRINA WILLMER Blackstone Group LP, the world’s biggest manager of alternative assets, is offering a break on management fees to encourage investors to commit early to its latest buyout fund that is seeking $15 billion. Blackstone will waive management fees for the first six months for investors that participate in the pool’s first

Oaktree Said to Seek Up to $1 Billion for Power Fund

November 26, 2014

BY SABRINA WILLMER AND DEVIN BANERJEE Oaktree Capital Group LLC, the investment firm led by co-chairman Howard Marks,plans to raise as much as $1 billion for its next power fund, two people with knowledge of the matter said. Oaktree Power Opportunities Fund IV LP, which will be run by Ian Schapiro, is targeting

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