Firms & Funds

The past couple years have brought big changes to the seed market. The number of seed deals is down, the number of funds is up, and both round sizes and ownership targets have spiked. It is a recipe for added competition, which is exactly what is taking place. For Michael Kim at Cendana Capital, the […]

Fund VIII is Wind Point’s first since 2009 Previous fund held final close on $915 mln Wind Point bulks up portfolio in 2016 Wind Point Partners is more than halfway toward the $750 million it plans to raise for its eighth flagship fund, the firm’s first since 2009. Wind Point on Monday filed a pair of […]

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. […]

Ripplewood spinout likely encountering strong demand First fund exceeded target by almost 45 percent in 2014 One Rock inks deals for two new portfolio companies in 2016 One Rock Capital Partners is back on the market with its second flagship vehicle, two limited partners told Buyouts. The firm set a $700 million target. The fund […]

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 […]

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 […]

First-time funds, be they from new shops or spin-outs, seem to be rising in prominence. A big reason for that is they outperform, probably stemming from nascent firms working extra hard to establish themselves. Investors also see opportunities to get in on the ground floor and establish strong long-term bonds.

As of October, 863 first-time funds are in the market, combining for $155.2 billion in targets. The majority, both in number (445, 51.6%) and volume ($62.4 billion, 40.2%) are focused toward North America.

OpenGate carves out unit from Belgian company Umicore Fifth platform investment from debut fund Firm could be back in market in 2017 OpenGate Capital made the fifth platform investment from its debut fund, carving out Umicore Zinc Chemicals from its parent Umicore, a Belgian materials and recycling company, Andrew Nikou, OpenGate’s chief executive, said in […]

Och-Ziff case provides insight into future enforcement Portfolio companies also subject to DOJ enforcement Proskauer’s Leonard expects fees, expenses to remain priority The recent focus of the SEC and Department of Justice on how private fund managers conduct and attract business outside the U.S. may hint at future enforcement actions, a recent report from law firm […]