Private Equity

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

CI Capital Targets $750 Million for New Fund

September 10, 2014

CI Capital Partners plans to seek $750 million for its next buy-and-build private equity fund, according to two people with knowledge of the matter. The firm gathered $620 million for its last pool, CI Capital Partners II LP, in 2011, said the people. CI Capital will be marketing the fund without president and

Quantum Energy Offers Fee Breaks for New Fund

September 3, 2014

BY SABRINA WILLMER Quantum Energy Partners is offering breaks on management fees to encourage investors to commit money early and write bigger checks to its latest fund, according to three people with knowledge of the matter. The Houston, Texas-based firm is dangling lower fees to investors that commit by September 30, said the people.

ArcLight Said to Seek $4 Bln for Energy Fund

August 27, 2014

ArcLight Capital Partners LLC is seeking $4 billion for a private-equity fund to take advantage of rising demand for infrastructure to support the shale boom. The firm’s sixth fund will focus on North American investments in pipelines, storage, terminals, electric transmission and production of oil and natural gas, said two people with knowledge of

EIF Said to Plan New Fund of More Than $1.7 Bln

August 20, 2014

BY SABRINA WILLMER EIF Management LLC plans to start fundraising soon for its next power focused fund, probably aiming for a pool larger than the $1.7 billion it gathered in 2011, according to two people with knowledge of the matter. The New York-based firm may start marketing its fifth fund by year-end,