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Fundraising has long been about the haves and have-nots, and 2017 will be no exception. Buyouts talked with our extensive limited-partner network about which funds make their blood run hot. Based on that research, we put together a sample of the most in-demand funds coming back to market (or just hitting the market) in 2017. This […]

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 […]

Ross named commerce secretary; now awaits confirmation WL Ross & Co. already had succession plan in place Fundraising could be challenging without Ross WL Ross & Co., the eponymous firm formed by Wilbur Ross, is preparing for its founder’s potential departure for a role in the administration of President-elect Donald Trump. Ross was asked to serve […]

Back in market targeting $750 mln Made several investments in Fund V by final close Park Hill is placement agent Brentwood Associates is back in market with its sixth fund targeting around $750 million, according to a person with knowledge of the fundraising. The consumer-focused firm expects to hold a first close by year-end, the […]

It can be painful for buyout pros to watch a great company that they sold produce a splashy return for the next owner. Great companies are hard to find. Riverside Co, a lower-mid-market shop with offices worldwide, in 2009 produced a 5.1x gross return on the sale of railroad-equipment-repair company Nordco to OMERS Private Equity; it had invested in […]

Full or partial rollback of regulations could bring banks back to market Private debt funds would face stiffer competition, sources say LPs inject more private debt over previous five years President-elect Donald Trump’s pledge to rein in a variety of banking regulations could increase competition for private-debt specialists. Bank-friendly policy or regulatory adjustments could pry open […]

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 […]

Process not yet in election period Firm raised two funds Not likely to raise a third Deutsche Bank has stepped in as lead investor in the restructuring of Enhanced Equity’s two funds, according to two people with knowledge of the process. How much Deutsche Bank is prepared to spend on the deal is unclear. The exact […]

Sources await Trump’s choice for SEC chair Insight into how aggressive SEC will scrutinize PE Many LPs glad for presence of SEC All private equity eyes are on the SEC. While many point to a potential rollback of the Dodd-Frank financial reform act as a factor in what could be an easing of scrutiny on […]

GPs reassess how various fees and expenses are allocated SEC scrutiny heightens importance of broken deal fee issue ‘Tourist’ co-investors push back General partners are trying to shift more of the broken-deal-fee burden onto co-investors, many of whom aren’t used to paying these costs and are pushing back, according to three people with knowledge of the […]