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Energy helps drive earnings in Blackstone’s credit business Firm has invested in energy over past year Overlevered energy companies need capital to complete projects Blackstone Group has been deploying capital in the struggling energy sector and the bet is paying off, with gains in energy investments helping drive performance in the firm’s $89.3 billion credit […]

GP doesn’t see huge change from election New Medicare rules will drive consolidation Firm made 5x average returns on all exits since 2009, sources said Shore Capital Partners, the Chicago healthcare specialist, is shaping its deal-making around consolidation, physician shortages and consumer-friendly retail operations for treating patients after ringing up big multiples on recent exits, […]

Bull market has room to run, says Thomas J. Lee Housing demand, low oil prices, credit markets signal gains Expansion may last another 10 years   Pessimism about the end of a seven-year bull market in public equities appears overblown based on movements in the high-yield-bond market and other indicators, an executive at an independent financial-market-research firm said. […]

Firm closed Fund I in 2014 with $305 mln Former execs at Blackstone, Court Square, Ventyx lead firm Rubicon made deal announcement in December Rubicon Technology Partners is raising its sophomore private equity fund with a target of about $500 million, two years after veterans at the firm from Blackstone Group and Court Square Capital […]

Genstar could target up to $3 bln for Fund VIII Quick fundraising is expected Launch early next year Well, that was fast. Genstar Capital plans to return to market to raise its eighth flagship fund early next year, potentially targeting $2.5 billion to $3 billion or even higher including the GP commitment, according to people with knowledge of […]

Bank looking for emerging-manager exec in New York Expanding practice as emerging-manager community grows First-time fundraising has slowed since last year Silicon Valley Bank is in the hunt for the next crop of superstar venture capital managers. The bank created, and is looking to fill, the role of managing director in the emerging-manager practice, working out […]

Gull will miss the deal ‘hunt,’ ‘high caliber’ people Succeeded by Jeffrey Akers Reflects on ever-evolving market Ask dealmakers who are leaving the business what they’ll miss most, and they’ll sometimes tell you that it’s the thrill of the hunt. It’s an apt metaphor for the kind of business that pits intelligent, aggressive people against each […]

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LP backs up to six new GPs a year LP manages $19 bln from endowments, foundations Makena typically allocates $50 mln-$75 mln for PE funds As a key executive at an institutional LP with a large allocation to private equity, Makena Capital’s Brian Rodde prides himself on spotting young PE funds in the middle market and […]

Firm may hold second close by end of 2016 Credit-focused GP held first close for Fund VIII at $763 mln CNO Financial bought GP stake in Tennenbaum in April Tennenbaum Capital Partners has drawn about $1 billion in LP demand for TCP Direct Lending Fund VIII, with plans to wrap up the credit pool next year, […]