Steve Gelsi

Firm found by Carlyle Group alumnus and a telecom exec Exec decided to launch firm during a climb on Mount Kilimanjaro First portfolio-company deal closed over the summer   Astra Capital Management, the Washington firm founded by an ex-Carlyle Group managing director and an executive from the telecom sector, is on the fundraising trail for […]

Fund VI’s 35 pct net IRR driven by Innovative XCessories LPs have been asking GP about Fund VII Firm raised $2.3B in 2013 for Olympus Growth Fund VI   With strong performance numbers thus far for its 2013 fund, Olympus Partners told inquiring LPs it’s getting ready to launch fundraising efforts around its seventh pool in […]

Aberdeen recently polled over 50 GPs about the medium-to-long-term impact of Brexit.  Most of them said it won’t have a huge effect but they would wait and see. Very few … said they expected a positive effect. That’s since been borne out by levels of activity post-Brexit. There’s been a slight slowdown in private equity deal-making […]

Firm wrapped up predecessor fund less than two years ago EnCap seeking commitments for EnCap Energy Capital Fund XI Commodity prices strengthen in 2016   Big energy GP EnCap Investments has returned to the fundraising market for its latest flagship fund aimed at the oil and gas sector less than two years after closing its […]

One-fifth of LPs expect returns of less than 11 pct in next 3-5 years Four-fifths of LPs expect annual net returns of 11 pct and up from 2017-2022 Jitters around hard Brexit remain in the mix While limited partners expect strong returns for private equity heading into 2017, a greater portion see returns at the low […]

The vintage 2008 Carlyle Global Financial Services Partners I LP, the $1.1 billion private equity fund from Carlyle Group, rang up a net IRR of 13 percent and an investment multiple of 1.5x as of Dec. 31, 2015, for California Public Employees’ Retirement System. The performance ranks it in the second quartile for all funds […]

Aberdeen recently polled over 50 GPs about the medium-to-long-term impact of Brexit.  Most of them said it won’t have a huge effect but they would wait and see. Very few … said they expected a positive effect. That’s since been borne out by levels of activity post-Brexit. There’s been a slight slowdown in private equity deal-making […]

Guardian’s Gordon avoids dropping GPs with a weak fund Firms work harder to prove themselves after a tough run LP ups PE allocation to 3 pct from 2.5 pct Limited partner Maurice Gordon said he’s reluctant to drop support for a GP after one weak fund because he sometimes sees a positive bump in their next fund as they […]

Guardian’s Gordon avoids dropping GPs with a weak fund Firms work harder to prove themselves after a tough run LP ups PE allocation to 3 pct from 2.5 pct Limited partner Maurice Gordon said he’s reluctant to drop support for a GP after one weak fund because he sometimes sees a positive bump in their next fund […]

Crowded field of GPs presents challenge Plain vanilla buyouts less desirable nowaday LPs try to find an edge    LPs faced with a large field of GPs said they’re increasing their efforts to find opportunities ranging from smaller buyout funds to investing with firms that operate without a traditional fund structure. Speaking with Buyouts at the […]