Steve Gelsi

Aircraft leasing jet portfolio rises by $500 mln Firm ending 2016 with 127 aircraft, up from 80 Apollo Aviation prices $1.15B in asset-backed securities Apollo Aviation Group is capping off a busy 2016 in which the aviation-investment manager increased its aviation assets under management by $500 million to about $3.1 billion after floating two asset-based loans. […]

New Mexico PERA, MainePERS are LPs Typical Tillridge equity checks $25 million to $75 million Managing Partners Zenuk and Dunn lead Tillridge Tillridge Global Agribusiness Partners drew in more than $300 million in commitments from Public Employees Retirement Association of New Mexico, Maine Public Employees’ Retirement System and 14 other LPs for its sophomore fund, according to filings. […]

Atlanta-based company borrowed $31 mln from Rhone Capital Dessert maker acquired by Rhone Capital in 2013 S&P Global Ratings cuts rating on lower-than-expected profit Dwindling profits from Rhône Group portfolio company CSM Bakery Solutions and costs tied to implementing its internal business software prompted a debt downgrade from S&P Global Ratings. “Our downgrade reflects the company’s constrained […]

Robust pipeline for deals seen Consumer-focused GP grows flagship fund by $1 bln Firm may lengthen deployment period L Catterton sees a robust deal pipeline in 2017, with its new flagship fund offering more flexibility to write larger equity checks, according to sources familiar with the firm. L Catterton Partners VIII LP raised $2.75 billion […]

Adams Street provides access to private investments Relationship similar to a separate account Hatteras Funds works with financial advisors Adams Street Partners inked its first deal as a subadviser by agreeing to provide access to its private equity investments for Hatteras Funds, a platform for financial advisers that manages about $1 billion, according to the firms. […]

Adams Street provides access to private investments Relationship similar to a separate account Hatteras Funds works with financial advisors Adams Street Partners inked its first deal as a subadviser by agreeing to provide access to its private equity investments for Hatteras Funds, a platform for financial advisers that manages about $1 billion, according to the firms. […]

Firm found portfolio company CEO at the poker table Live Ventures avoids auction, pays $60 mln for Vintage Stock Inc Cash-flush corporates more bullish on M&A and prices In the face of painfully high LBO prices, Live Ventures, the publicly traded holding company backed by Isaac Capital Group, goes out of its way to keep from overpaying. […]

After running Seven Mile Capital Partners, you’re leading a new seven-member Ardian team that’s investing in North American middle-market companies. What are the roots of SMCP? In 2009, I took over as head of private equity and alternatives for Citi Holdings, the entity that Citi set up [to divest] non-core assets. I was overseeing the wind-down of […]

Firm: Aurora Capital Year Founded: 1991 Investment Strategy: Middle market private equity buyouts; debt and equity investing for Aurora Resurgence Key Executives: Gerry Parsky, John Mapes, Matt Laycock, Josh Klinefelter, Michael Marino, Steve Smith, Sean Ozbolt Office Location: Los Angeles Assets under management: $2 bln Fundraising status: Currently in the market with Fund V, according […]

Moody’s study revealed 56 pct debt recovery rate on average Analysts see benefit of distressed exchanges Pre-packaged bankruptcies also help boost recoveries   The average rate of debt recovery for private-equity-backed companies is comparable to that of companies with no PE presence, a study shows. The conclusion by the debt research firm Moody’s Investors Service, based […]