Home Authors Posts by Kirk Falconer

Kirk Falconer

US and Canadian buyout, growth equity, secondaries, venture capital and other PE funds collected $200bn at the end of September, down 25% from the same time last year.
Rise Fund II is already larger than its predecessor, which closed in 2017 at $2.1bn, becoming one of the world’s largest dedicated pools for impact investing.
Brightstar in September announced Fund II’s debut deal, the acquisition of a majority stake in SoftBank's mobile device services business Brightstar Corp.
Buyouts last year reported Bain Capital Tech Opportunities Fund is targeting $1 billion, with Bain kicking in an additional $100 million.
While at Goldman Sachs, Gordon had a role in the $575 million IPO that this year launched RedBall Acquisition Corp, a sports-focused SPAC sponsored by a RedBird affiliate.
Brighton Park is not yet ready to wrap up fundraising, a source told Buyouts, adding the inaugural offering has a hard cap of $1bn.
Shah will oversee Brookfield’s push into new areas, such as insurance and secondaries, which together have a projected long-term value of up to $450 billion.
NexPhase is led by managing partners Kurt Larsen and Ted Yun, and partners Jamie Kaufman, Andy Kieffer, Joel Killion and Lex Leeming, all veterans of Moelis Capital.
PE firms negotiating GP stakes deals are concerned about bump-ups in top individual income and capital gains tax rates, sources told Buyouts.
“While no one in the leadership team is going anywhere soon,” Northleaf managing director Jeff Pentland told Buyouts, “we want to start thinking about succession planning now rather than 10 years from now."

Copyright PEI Media

Not for publication, email or dissemination