Insight

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 […]

CenterOak Partners may have just closed its debut fund at its $420 million hard cap, but the Dallas firm shouldn’t be considered a rookie, said Managing Partner Randall Fojtasek. Much of the CenterOak team — including partners Michael Salim, Lucas Cutler, Jason Sutherland and William Henry — hail from Brazos Private Equity Partners, Fojtasek said. About one-third, or […]

Hillary Clinton will emerge victorious in the presidential election, said Mike Sommers, president and CEO of the American Investment Council. Sommers, who spoke June 21 at the Buyouts Chicago conference, repeatedly said that Clinton would win the November presidential election. Donald Trump “is not suited to win,” said Sommers, noting that the past six weeks have […]

When ParkerGale Capital began looking for a pre-MBA associate in September, the tech-focused Chicago PE firm knew it wanted more female and minority applicants. Kristina Heinze, a partner, at the firm, pointed to data showing gender-diverse companies deliver better returns. “We wanted a qualified, passionate individual,” Heinze said. “If we could find someone who fit the bill, with […]

David Gibson has left Twin Brook Capital Partners, the middle-market direct-lending team of Angelo, Gordon & Co, after a year. He is rejoining Goldman Sachs Specialty Lending Group, a Goldman spokesman confirmed. Gibson joined Twin Brook in May 2015 and was a partner, his Linkedin profile said. Before Twin Brook, Gibson spent nearly 11 years with Goldman’s Specialty […]

Newt Gingrich, who once bashed Mitt Romney for destroying jobs when he was head of Bain Capital, has joined a growth equity firm. Gingrich, the former speaker of the U.S. House of Representatives, is a strategic advisor to JAM Capital Partners, according to a statement. He is also a Member of JAM Capital’s advisory board, […]

Businesses taken private through leveraged buyouts may be safer for employees, new research from the University of Texas and the U.S. Bureau of Labor Statistics suggests. The paper, co-written by Jonathan Cohn (University of Texas-Austin), Nicole Nestoriak of the U.S. labor-statistics agency and Malcolm Wardlaw (University of Texas-Dallas), found workplace-injury rates at public-to-private LBO companies were 0.86 percentage […]