Chris Witkowsky

Firm: Searchlight Capital Partners Fund: Searchlight Capital II, L.P. Target: $1.5 bln Hard cap: $1.8 bln Amount Raised: $1.9 bln Placement Agent: Park Hill Group Searchlight Capital Partners is set to close its second fund on its increased cap of $1.9 billion, according to two people with knowledge of the fundraising. The close could happen […]

Firm: The Carlyle Group Fund: Carlyle Asia Structured Credit Opportunities Fund Target: Up to $1 bln Amount Raised: $235.6 mln The Carlyle Group is targeting $1 billion for direct lending investments in Asia, according to a limited partner who has heard the fund pitch. The fund, Carlyle Asia Structured Credit Opportunities Fund, raised about one-third of […]

Offers LPs choice of deal-by-deal or European style waterfall Eyes $7 bln to $8 bln target for Fund IX Not clear when fund will officially launch Apax Partners, which is talking to limited partners about raising $7 billion to $8 billion for its next flagship fund, plans to offer a choice of carried interest plans designed […]

Champlain hires Welker as a managing director Focused on client origination, due diligence and project management Spent 17 years at Allianz Capital Partners Brian Welker, a former limited partner at Allianz Capital Partners, has joined placement firm Champlain Advisors. Welker joined Champlain in August as a managing director, according to a person with knowledge of the […]

Firm: Bernhard Capital Partners Fund: BCP Energy Services Fund Target: $750 mln Placement Agent: Atlantic-Pacific Capital Bernhard Capital Partners is approaching the $750 million target for its debut fund that will focus on investments in oil and gas-related service companies, according to a person with knowledge of the fundraising. Bernhard, formed by senior executives from […]

Fund III to close on $3 bln hard cap Fundraising launched in May Bain gave LPs carry/fee options Bain Capital, which sees Asia as a “dynamic and attractive” region for investing, is preparing to close its third Asia fund at its $3 billion hard cap, according to a limited partner with knowledge of the fund. […]

The California Public Employees’ Retirement System released its long-awaited study of how much it paid private equity managers in carried interest over the years. The results were less than alarming: The numbers show CalPERS paid $3.4 billion to all active managers since 1990 and collected $24.2 billion in realized net profits during that time. (CalPERS […]

Firm targets $325 mln with $375 mln hard cap Held close in November Fund generated buzz among LPs Mainsail Partners, a small firm that targets the lower middle market, generated big buzz among limited partners during its circuit of Spring annual meetings. It’s not clear exactly when Mainsail launched Fund IV. The fund is in the market […]

MidOcean’s next flagship fund expected next year Could target as much as $1 bln Bridge fund raised earlier this year is almost fully deployed MidOcean Partners is moving into the next phase of its comeback plan. The firm, led by Chief Executive Officer Ted Virtue and Chairman Steve Miller, will bring its next flagship fund […]

New Jersey paid $91.3 mln in carry to private equity managers in fiscal 2014 Investment staff to collect data on carry payments to GPs over five years CalPERS recently issued its own carried interest report New Jersey investment officials are studying the amount of carried interest the state pension system has paid to private equity managers over the […]