Insight

PRIVATE EQUITY FIRMS KKR named new leadership for its private equity businesses: Pete Stavros and Nate Taylor were promoted to co-lead the business in America; Mattia Caprioli and Philipp Freise will co-lead the business in Europe; Hiro Hirano and Ashish Shastry will co-lead the business in Asia-Pacific. New Enterprise Associates promoted Ed Mathers to general partner […]

Virginia Retirement System backed private equity funds from Veritas Capital and Leonard Green & Partners at its Nov. 13 meeting, according to Jeanne Chenault, the system’s public relations director. The system committed $200 million to Veritas Capital Fund VII, a mega-buyout fund that invests in technology companies that work with government-related and customers. The fund raised […]

Massachusetts Pension Reserves Investment Management Board approved $175 million in private equity commitments at its meeting Thursday. The board approved the following allocations: • $75 million to Georgian Partners Growth Fund V, managed Georgian Partners, an $850 million growth equity fund that will target investments in high-growth software companies expected to close in the fourth […]

ACON Investments, a Washington, D.C. firm, created a new fund to house seven portfolio companies from its 2013 pool, giving the firm more time to manage the investments, sources told Buyouts. ACON completed the fund restructuring process earlier this month, sources said. ICG was the sole buyer on the deal. Total net asset value of […]

Teachers’ Retirement System of Louisiana at its November meeting committed $125 million to private equity funds from J.F. Lehman & Company and Insight Partners, according to Lisa Honoré, the system’s executive liaison officer. The system invested up to $50 million to JFL Equity Investors V. The fund is targeting $1 billion and focuses on the industrials and transportation […]

Bain Capital’s impact investing platform will continue raising its second fund despite its founder, Deval Patrick, leaving the firm to run for president. Bain is in the early stages of raising Double Impact Fund II, targeting $600 million, sources told Buyouts. The fund is charging a 2 percent management fee and a 20 percent rate […]

Alpine Investors will focus on carve-outs and add-on acquisitions with its new fund, founder and CEO Graham Weaver told Buyouts. The San-Francisco firm closed its latest fund, Alpine VII, on a hard-cap of $1 billion, exceeding its $750 million target, the firm announced on Nov. 14. For the first time, investors from Europe and Asia […]

Furthering its push into musculoskeletal care, Varsity Healthcare Partners through Orthopedic Care Partners invested in The Steadman Clinic, Vail, Colorado’s world-famous sports medicine practice. The transaction brings OCP’s revenues to approximately $125 million, and on the basis of earnings makes it one of the largest PE-backed orthopedic companies in the country, a person close to the […]

Parchment, a PE and VC-backed EdTech company that digitizes and distributes education credential records, is on the block, sources familiar with the process told Buyouts. First-round bids were due last week, the people said. One of the bidders is likely to have preempted the process, they said. The sale is expected to value the company […]

Ex-Massachusetts Governor Deval Patrick, co-head of Bain Capital’s impact investing business, is reported to be mulling a presidential bid. Another one of the platform’s senior leaders left over the summer: The executive, Warren Valdmanis, was not a key executive on Bain’s Double Impact fund, which closed on $390 million in 2017, according to a person […]