Insight

Ardian has seeded, with $100 million, a new middle-market firm launched by the former head of GE Equity. Juna Equity, formed by Patrick Kocsi, who ran GE Capital’s private equity unit for three years, will seek non-controlling stakes. The firm (the name references the first names of Kocsi’s two kids) will typically invest $5 million […]

WM Partners has collected $230 million for its debut fund and expects to close the pool soon, sources said. Vanterra Capital, New York, is serving as anchor investor of the fund, which has a $300 million target, one source said. VCP Advisors is placement agent, people said. WM began marketing Fund I in 2016, Buyouts reported. The Fort Lauderdale, Florida, […]

Get the latest fund performance data for more than 2,500 funds from over 50 LPs by downloading the accompanying Excel spreadsheet. Funds date from vintages 1978 up to 2011, the most recent year the performance data would be meaningful. Click here to download: Fund Performance 2016 (Editor’s note: This post was updated on Jan. 24, 2017)  

Sohail Lalani has left Abu Dhabi Investment Authority after 10 years to join Public Sector Pension Investment Board, or PSP Investments. Lalani is a senior director, private equity-Americas, PSP confirmed Jan. 18. Based in Montreal, he is focusing on direct PE investments in the Americas. At ADIA, Lalani most recently was a portfolio manager, principal investments, PE, […]

Two senior Madison Capital Funding executives, including a co-founder and the recently promoted head of capital markets, are exiting the firm. Thomas Klimmeck, a Madison Capital senior managing director, and Tricia Marks, a managing director and head of capital markets, will both retire later this year, the firm said in a statement. Klimmeck helped start Madison […]

Fundraising posted another record-breaking year in 2016 with 807 funds raising a combined $345 billion as of Jan. 3, according to Preqin. The total may increase another 10 percent as more information becomes available, which would put it above the post-crisis record of $348 billion set in 2014, Preqin said. The $345 billion also represents […]

Aquiline Capital Partners is launching a technology growth fund that will invest in early- and growth-stage companies. The New York private equity firm said Jan. 4 that it had hired Max Chee and Michael Cichowski to run the Technology Growth Fund. Chee, the former managing partner of Millennium Technology Value Partners, will head Aquiline Technology Growth. […]

HGGC’s third fund needed less than 100 days to blow past its $1.5 billion target and close at its $1.75 billion hard cap. Just in time for Steve Young’s holiday party. Including about $80 million in GP commitments, HGGC Fund III weighed in at $1.84 billion, said Rich Lawson, co-founder and CEO. “We couldn’t be more […]

Riverside Co’s new senior-debt team, headed by David Dobies, is in the market with its first fund, a source said. Riverside Credit Solutions is targeting $250 million to $500 million with its debut pool, the person said. The fund will seek to invest in lower-middle-market companies with $5 million to $35 million of EBITDA, the […]