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The oversubscribed fund attracted significant backing from both returning and new investors, highlighting strong demand for the middle-market privateequityfirms focused investment strategy. Pamlico targets equity investments between $50m and $200m in high-growth companies across North America.
The country’s growing pool of pensionfunds and increasing corporate restructuring activities are drawing the attention of alternative investment firms worldwide. The broader Asia-Pacific privateequity market saw investment activity rise to $138bn in 2024, marking an 8.1% increase from the previous year.
Major privateequityfirms have faced significant obstacles in selling or listing their China-based portfolio companies in 2023, with Beijings tightening restrictions on IPOs and a decelerating economy having left foreign investors capital effectively trapped, according to a report by the Financial Times.
The Paris-based company has raised the money for a secondary fund that profits from institutional investors who sometimes have to sell stakes in privateequityfunds early. Typically, buyoutfunds lock up investors’ money for more than a decade.
Buyoutfirms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. Many firms borrowed against their portfolio companies to sustain the private market boom while dealmaking dwindled.
Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in privateequitybuyouts, providing capital for some of the year’s biggest acquisitions to overcome a tough dealmaking environment. ASA in January with funding from Denmark’s Kirk Kristiansen dynasty, the owners of Lego Group.
New York-based privateequityfirm Harvest Partners (Harvest), has closed it latest buyoutfund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target. Harvest and its affiliates have over $20 billion of assets under management.
Privateequityfirm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyoutfund MBK Partners for $2.17bn.The deal is expected to be signed soon, said the person, who declined to be identified as the information was private.
Privateequityfirm KKR & Co agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyoutfirm Bain Capital for about $4.75 Bain acquired Varsity Brands in 2018 from privateequityfirms Charlesbank Capital Partners and Partners Group for around $2.5
South Korea is cementing its status as a key destination for global privateequity, drawing major firms such as Apollo Global Management and Intermediate Capital Group (ICG), with both having recently established offices in Seoul, according to a report by PrivateEquity Insights. increase from the prior year.
Global buyoutfirm Apollo Global Management is building out a new team to target family offices as its looks to widen its fundraising efforts to include ultra-wealthy investors as well as institutions, according to a report by Bloomberg. read more The post Apollo To Target Top Family Offices appeared first on PrivateEquity Insights.
Buyoutfirm EQT AB is teaming up with Germany’s richest man to acquire a 35% stake in German bus and train operator Flix SE. The privateequityfirm is investing through EQT Future, an impact-driven fund with a longer holding period. read more Blackstone’s Zawadzki Sees Private Credit as $25tn Market The $1.7
Privateequityfirm Advent International has agreed to buy Canada’s Nuvei NVEI.TO in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at $6.3 The buyout of Nuvei, which has a market capitalization of nearly $4.42 in a deal that.
Wynnchurch Capital, a middle market privateequityfirm focused on recapitalisations, growth capital, management buyouts, corporate carve-outs, and restructurings, has closed its sixth privateequityfund, Wynnchurch Capital Partners VI, with $3.5bn of capital commitments.
South Korea’s sovereign wealth fund, Korea Investment Corporation (KIC), is set to invest $150m in Apollo Global Management, the world’s second-largest privateequityfirm. As global funds seek alternative markets for investments and fundraising due to restrictions in China, Korea is emerging as a focal point.
billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 as it was delisted by privateequityfirm TPG Inc.;
He was the long-time chair of the Toronto Port Authority and, earlier in his career, advised a committee of Canada’s Senate on issues that included the creation of major public-sector pensionfunds such as the Public Sector Pension Investment Board. Still, I will wait to read the final report to see what Mr. Poirier has to say.
RRJ Capital, the privateequityfirm founded by former Goldman Sachs Group Inc. banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. Valued at $1.45bn South Korean privateequityfirm MBK Partners said on Tuesday it had launched a tender offer to.
Wynnchurch Capital (Wynnchurch), a middle market privateequityfirm focused on recapitalisations, growth capital, management buyouts, corporate carve-outs, and restructurings, has closed its sixth privateequityfund, Wynnchurch Capital Partners VI, with $3.5bn of capital commitments.
Alto Partners, an Italian mid-market privateequityfirm, has closed its latest fund, Alto Capital V, at €273m, notching a 30% increase over its predecessor, Alto Capital IV, which closed at €210m. It utilises both buyout and selected expansion investments, with the equity ticket ranging from €20m to €40m.
The market for secondary sales of privateequity (PE) stakes is experiencing unprecedented activity this year as investors look to exit ageing assets due to a cash crunch and a slowdown in dealmaking, according to a report by the Financial Times.
Privateequityfirm Renovus Capital Partners (Renovus) has held the final close of its fourth privateequityfund Renovus Capital Partners IV Core Buyout, which was significantly oversubscribed with total capital commitments of $875m.
The Bank of England (BoE) is intensifying its efforts to closely monitor risks in the non-bank financial sector, which includes privateequityfirms, hedge funds, and asset managers, according to a report by Institutional Investor.
The $66bn-managing Illinois Teachers Retirement System has picked a string of privateequityfunds to receive almost $800m in new commitments. The post These privateequityfirms just picked up almost $800m from the Illinois Teachers Retirement System first appeared on AltAssets PrivateEquity News.
Yet, like its peers, Ares feels compelled to diversify into other asset classes, such as real estate, infrastructure, and privateequity. The attractions of sticking with private credit are obvious. It’s easy enough to understand why Ares Cap would prefer to lend to a big firm than to a small- or middle-market one.
This approach has expanded its assets under management more than fourfold to €246bn, through deals such as the €6.8bn acquisition of Barings PrivateEquity Asia in 2022, establishing a significant presence in Asia, and Exeter Property Group in 2021, specialising in industrial warehouses.
Frazier Healthcare Partners, a Seattle, WA-based dedicated healthcare privateequityfirm, announced the close of its latest flagship fund, Frazier Healthcare Growth BuyoutFund XI, L.P. The fund will focus on acquiring controlling interests in middle-market healthcare companies.
The $3.7bn-managing San Antonio Fire & Police PensionFund has picked four privateequityfirms to receive its latest tranche of fund commitments. The post San Antonio pension picks PSG, Arlington Capital among new privateequity commitments first appeared on AltAssets PrivateEquity News.
Since inception in 2015, Vistara has raised over $500m, primarily from non-institutional sources such as family offices, entrepreneurs, and private foundations, predominantly based in British Columbia. Read more Bain Capital to Acquire Staffing Firm Outsourcing in $1.53bn Management Buyout Troubled staffing firm, Outsourcing Inc.,
Hassana Investment Company, the investment manager of Saudi Arabia’s $320bn General Organization for Social Insurance (GOSI) pensionfund, is to allocate up to $500m in Brookfield Asset Management’s new Middle East-focused privateequityfund.
Apollo to target top family offices Submitted 18/07/2023 - 11:29am Global buyoutfirm Apollo Global Management is building out a new team to target family offices as its looks to widen its fundraising efforts to include ultra wealthy investors as well as institutions, according to a report by Bloomberg.
CenterGate Capital, a lower middle market privateequityfirm based in Austin, Texas, has happily announced the final closing of its CenterGate Capital Partners II (Fund II), gathering over $375m of capital.
PrivateEquityPrivateequity is a form of alternative investment that involves investing in privately-held companies. It encompasses strategies such as venture capital, leveraged buyouts and investing directly in publicly-traded privateequityfirms.
PrivateEquityPrivateequity is a form of alternative investment that involves investing in privately-held companies. It encompasses strategies such as venture capital, leveraged buyouts and investing directly in publicly-traded privateequityfirms.
They’re one of the older privateequityfirms around, been been in business since 1994. But there came to be, in certain situations, buyers that were bootstrap, buyers that were, we would call ’em today, they then leveraged buyout financiers. And now we call it the privateequity industry.
Privateequityfirms RedBird Capital Partners and KKR & Co. Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3 Trillion in Assets Six of Canada's biggest pensionfunds managing C$1.3 are both investors in Skydance. trillion ($965.47
Macy’s added that it had asked Jefferies, the financial advisor for the buyout group, for updates around Arkhouse and Brigade’s plans to fund the deal earlier this month, but “no additional information” was provided. Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3
European utility Engie has joined forces with Canada’s second-largest pensionfund to try to buy British power network Electricity North West (ENWL), according to two sources with knowledge of the matter. Read more South Korea’s Hahn & Co raises $3.4bn for new buyoutfund Aircraft landing gear maker Héroux-Devtek Inc.
Global pensionfunds have continued to ramp up their privateequity investments in 2024, with the 20 largest funds globally allocating a combined $707.6bn to the asset class so far this year, according to a report by Banking Exchange.
Paulina Pielichata of Pensions & Investments reports CDPQ works to pump $11.2 billion into European private markets: Canadian pensionfund Caisse de depot et placement du Quebec has recently moved into its new London headquarters as it is working to deploy C$15 billion ($11.2 billion) in private markets across Europe.
BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, his name is Steve Klinsky, and he has an absolutely storied history in the field of privateequity. And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: Yeah.
Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally.
She will focus on diligence for co-investment, fund and secondary opportunities predominantly in the middle and lower middle-market buyout and growth equity space. QIC has also promoted Toby Suen from Principal to Partner, having joined QIC in 2019 from the private markets team at Abrdn, where he was Investment Manager.
The pension doesn’t have plans to sell privateequity investments to the secondary market to achieve the reduced target, Neil Randall, managing director of privateequity at Texas Teachers, said at the board meeting. The Texas fund only has 77.5% of the assets it needs to pay future obligations.
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