Chris Witkowsky

Carlyle to wind down DGAM Solutions ‘refocusing’ on secondaries, managed accounts Solutions reported lower ENI last year Carlyle Group will shutter its fund-of-hedge-funds Diversified Global Asset Management as it works to rebalance its Investment Solutions business unit. Bloomberg was first to report that Carlyle decided to shutter Toronto-based DGAM, which the firm acquired in 2014. The […]

Fundraising for first-timers is getting harder LPs pull away from first-timers as markets wobble Outlook for first-timers remains sluggish It’s always hard for a fledgling private equity firm to raise a debut fund, though LPs for the past few years have been more willing to explore relationships with first timers. This was a product of […]

The shadow of the SEC is looming over the private equity secondary market. SEC officials have been vocal about their scrutiny of zombie funds and the restructuring process. Agency officials have said at past conferences they plan to watch this area closely to make sure limited partners are being treated fairly. In restructurings, new investors buy assets […]

Mike Ireland left First Avenue Stephen Hines, president of U.S. business, left last year Firm hired several principals over last two years Mike Ireland, a partner at placement agency First Avenue Partners, left the firm recently, a spokeswoman confirmed. Ireland was a partner and co-head of Americas sales, according to his LinkedIn profile. He started at […]

Aurora Capital Group has collected around $650 million for its fifth flagship fund, which is targeting $800 million, according to a person with knowledge of the firm. Fund V has a hard cap of $1 billion, the person said. Founded in 1991 by Gerald Parsky, assistant secretary of the U.S. Treasury during the Ford administration, the […]

Gamut held a first close on $485 mln Fund I launched in late August Firm recently hired MD from Harvest Partners Gamut Capital Management held a first close on $485 million for its debut fund, according to a person with knowledge of the firm. That means Gamut Capital Management I is more than 60 percent […]

Apollo Credit Opportunity Fund III generates a -18 pct return Firm lowers return target to 6 to 8 pct net Collapse in oil prices dragged down performance Apollo Global Management’s latest credit opportunities fund appears to have gone big into energy ahead of a precipitous drop in oil prices last year. Apollo was investing in […]

PE officer Brandon Halm leaves PA SERS February 26 System has lost three PE professionals since last year Unable to fill vacancies because of statewide hiring freeze A statewide hiring freeze has left the Pennsylvania State Employees’ Retirement System’s private equity team depleted and unable to fill vacant slots. That situation will only worsen with the impending […]

PE officer Brandon Halm leaves PA SERS February 26 System has lost three PE professionals since last year Unable to fill vacancies because of statewide hiring freeze A statewide hiring freeze has left the Pennsylvania State Employees’ Retirement System’s private equity team depleted and unable to fill vacant slots. That situation will only worsen with the impending […]

Overall secondary volume hit a plateau last year Direct secondaries activity dropped Directs will continue to drive market The secondary market is as active as ever, but the amount of direct secondaries, like restructurings, slowed last year, according to intermediary Setter Capital. Overall secondary volume came in around $49.6 billion, Setter said in its newly […]