Insight

Avista Capital Partners’ latest fund, which will focus mainly on healthcare, could target as much as $1 billion, two sources familiar with transaction said. Avista’s fourth fund will also include industrial and consumer but more than half will target the healthcare space, the people said. “Energy is no longer in the same fund,” one of the sources said. […]

Arsenal Capital Partners closed its fourth fund at its $1.3 billion hard cap, making it nearly 49 percent larger than the prior fund, which closed in 2012. The New York private equity firm chose to stay near its $1.25 billion target, said Terrence Mullen, an Arsenal co-founder and partner. The firm began fundraising in fall 2015 […]

GI Partners’ fifth fund will “probably” be the same size as its last $2 billion pool, said Executive Managing Director and Founder Rick Magnuson. Magnuson, speaking on the sidelines of Buyouts’ PartnerConnect West conference, wouldn’t say when GI would launch Fund V. The fourth pool is 70 percent invested, Magnuson said during a Sept. 27 keynote presentation. The firm’s fourth […]

While the chief executive position is the more critical post to fill at portfolio companies, the chief financial officer’s role is often not viewed as important, according to executives speaking at the PartnerConnect West conference in San Francisco. The CEO is the most urgent position to fill because the role “sets the culture for the company,” said Jean-Pierre […]

Wasserstein & Co, which just scored a big exit with its sale of Penton, closed its fourth fund in August at more than $790 million, a source familiar with the transaction said. The $790 million pool is the largest the firm ever raised, the source said. New York-based Wasserstein began fundraising for the pool in summer […]

Swander Pace Capital needed only four months to close its latest fund at $510 million, surpassing its $400 million target. In fact, Swander Pace clinched a $450 million first close in June, just two months after it began marketing, said Andrew Richards, a managing director. In mid-August, Swander Pace used final commitments to round out SPC Partners VI […]

Goldman Sachs Alternative Investments & Manager Selection Group, known for investing in hedge funds, acquired a minority stake in a middle-market private equity firm. Goldman AIMS Petershill is buying a passive, non-voting, holding of less than 10 percent in Littlejohn & Co, a statement said. Terms weren’t disclosed. Littlejohn is retaining all proceeds from the AIMS […]

Castle Harlan Inc, which chose to hold off raising a sixth fund last year, hasn’t decided whether it will restructure its fourth and fifth funds, said Chairman and CEO John Castle. The PE firm is “still examining restructuring [the funds] as an alternative or a possibility,” Castle told Buyouts. The firm has not reached a conclusion whether […]

Clearlake Capital Group has raised more than $530 million for its debut non-control structured debt and equity fund, a person familiar with the transaction said. A final close of Clearlake Opportunity Partners LP, which is oversubscribed, is expected this summer or fall, the source said. Clearlake had been seeking $500 million for the pool, Buyouts reported in March […]