Private Equity >>>

    Ropes & Gray’s Rowe says Lp Bans on Gun Investments difficult to Implement

    Larry Jordan Rowe, a partner at Ropes & Gray LLP, spoke with Sabrina Willmer about public pension investments in companies like gunmaker Freedom Group. California State Teachers’ Retirement System, one investor in the Cerberus Capital Management funds that own Freedom Group, has said it is reviewing its commitment to the firm. Click here to continue reading. To [...]


    Jordan Company to Seek $3 Billion for Fund III

    The Jordan Company plans to seek $3 billion for its next fund that will make buy-and-build investments, according to two people familiar with the situation. The Resolute Fund III LP is expected to officially come to market early next year with the same strategy as its $3.6 billion prior fund from 2008, these people said. Click here [...]


    Private Equity One Year Anniversary Issue

    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. We’ve also made it a core goal to give the 10,000-foot-view of what’s going on in the private-equity arena, from Q&As on [...]


    Lake Capital to Return to Deal-by-Deal Model

    By Sabrina Willmer Lake Capital Partners is returning to its roots, moving to a deal-by-deal model after deciding against raising a third buyout fund, according to three people familiar with the situation. The Chicago-based firm is close to doing its first transaction under the new model, said one of the people. To continue reading click here


    MHR to Seek $2.75 Billion for Next Distressed Fund

    MHR Fund Management LLC, cofounded by Mark Rachesky, expects to seek $2.75 billion for its next distressed debt and equity private-equity fund, according to three people familiar with the situation. MHR Institutional Partners IV LP, which is expected to officially begin marketing in the first quarter, will take controlling positions in undervalued midmarket companies. UBS AG is the placement [...]


    Private Equity’s One-Year Anniversary Special

    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 to Increase LPs’ Share of Fees in New Fund

    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 Plans to Raise $4.25 Billion for Next Fund

    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 Raising $1.5 Bln for Next Mid-Market Fund

    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 [...]


    CD&R to Seek About $5 Billion for Next Fund

    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 [...]


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