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New Mountain Capital LLC expects to seek $3 billion for its next buyout fund, the same amount its last fund targeted prior to the financial crisis, according to two people familiar with the situation. New Mountain Partners IV LP will have no hard cap and will likely officially come to market this quarter or early next [...]
Silver Lake has cut the target on the clean technology fund it set out to raise early last year in partnership with George Soros to $750 million from $1 billion, according to two people familiar with the situation. Silver Lake, which started marketing Silver Lake Kraftwerk Fund LP in the first half of last year, had raised [...]
Landmark Partners is seeking $2.5 billion for its next secondary fund, according to a person familiar with the situation. Landmark Equity Partners XV LP, which just came to market, will primarily look to purchase buyout fund stakes from firms that focus on Western markets, this person said, noting that the fund can invest globally. The amount sought is [...]
EnCap Investments LP is seeking $4.25 billion for its next oil and gas fund, according to a summary of terms obtained by Bloomberg News. EnCap Energy Capital Fund IX LP will make upstream oil and gas investments. The fund’s predecessor raised $3.6 billion in January 2011. EnCap joins other large energy firms currently raising funds, [...]
Andrea Kramer, a managing director responsible for oversight of Hamilton Lane’s global fund investment group, spoke with Sabrina Willmer about compelling fund strategies, the fundraising market and the political climate. Hamilton Lane offers advisory services and separate account management. Q: What fund strategies are most compelling at the moment? A: If you look back five, [...]
TPG Credit Management LP, founded by former Cargill Inc. executive Rory O’Neill, expects to close its new distressed-asset fund at its $1 billion limit in October, according to a person familiar with the situation. TPG Credit Strategies Fund II, which has closed on $893 million so far, was granted a fund-raising extension by investors, to [...]
Blackstone Group LP plans to hold a final close of $2.2 billion to $2.5 billion on its debut energy fund at the end of the month, according to two people familiar with the situation. Blackstone Energy Partners LP came to market last year aiming to raise as much as $3 billion, according to a private [...]
GSO Capital Partners LP, the credit investment arm of Blackstone Group LP, is offering a fee break to investors that join the initial close of its second company rescue fund, according to two people familiar with the situation. While the new GSO fund will charge investors a 1.5 percent management fee on invested capital and any amounts [...]
