Steve Gelsi
Calgary-based Camcor Partners Inc. has closed Camcor Energy Fund VII at its hard cap of $350 million after a six-month fundraising effort that drew the buyout firm’s biggest contribution yet from limited partners outside of the Great White North, principals of the firm told Buyouts.
The Blackstone Group LP sees its total fee-earning assets under management topping a half-trillion dollars in the next 10 years on a strong growth forecast across the buyout shop’s many product lines, co-founder Stephen Schwarzman told investors in the marquee private equity firm.
An investment banker at Robert W. Baird & Co. expects more merger and acquisition activity in Europe’s automotive parts space from buyout shops on both sides of the Atlantic after his firm advised Chicago-based LKQ Corp.’s $268 million purchase of distributor Sator Beheer BV from Dutch-based H2 Equity Partners.
While Carlyle Group, Kohlberg Kravis Roberts & Co. and TPG Capital move to reach a combined fundraising target of about $13.5 billion for their Asian buyout funds, the biggest prize in the Far East — China — remains a tough place to do deals, an overseas deals lawyer said.
Kohlberg Kravis Roberts & Co. expects to hit a hard cap of $6 billion on its Asian Fund II by the end of the second quarter, while the firm has raised $7.5 billion thus far for its North America Fund XI LP, Naxi, as it mulls a new real estate investment vehicle, according to updates from the marquee private equity firm.
Post Oak Energy Capital, a lower mid-market buyout specialist in the U.S. oil and gas business, may be back in the market to raise its second fund starting later this year, a person with knowledge of the firm told Buyouts.
Management teams at portfolio companies receive an average incentive pool of 13 percent of the fully diluted equity of the business, but the value of this compensation hinges on preferred stock dividend payments and other factors, according to a new survey by the global private equity group of law firm Paul Hastings.
Upping its ante in the Far East, The Carlyle Group LP plans to raise $3.5 billion for its fourth Asia fund after ringing up promising returns on two of its three earlier funds, Buyouts has learned.
At the height of scrutiny around job cuts by private equity firms during the 2012 presidential election, New Mountain Capital LLC sold Deltek Inc. for $1.05 billion after adding 945 employees in about seven years through a combination of organic growth and acquisitions.
Marlin Equity Partners LLC plans to raise $1.6 billion in its fourth fund, well above the $650 million it drew in its most recent fund, which closed in 2009, according to a regulatory filing.
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