Firms & Funds

Five private equity firms are looking at the generic drug maker VersaPharm, which is being sold by Tailwind Capital, two sources said.

Carlyle Group-backed NGP Energy Capital Management is in the market targeting $4.5 billion for its 11th fund, according to a limited partner who has heard the firm’s pitch.

Andrew Kripke, a former executive at Caspian Private Equity, has joined the Abu Dhabi Investment Authority as a portfolio manager in the U.S. fund investments business, an ADIA representative confirmed.

Carlyle Group said it raised $5.5 billion in capital for various funds in the first quarter, putting the firm on pace to exceed its target of $15 billion to $20 billion in fresh capital for 2014, according to the firm’s first-quarter conference call with analysts.

Riverwood Capital has raised about $1 billion for its second fund, already hitting its target as the firm now eyes its $1.25 billion hard cap, according to three people with knowledge of the situation.

Goldman Sachs Group is currently managing about $9 billion in alternative funds—mostly private equity investments—that need to be addressed for the marquee investment bank to comply with capital requirements under the Volcker Rule, according to a recent update from the firm’s chief financial officer.

The Carlyle Group is not worried about the increasing pressure by the U.S. Securities and Exchange Commission on the private equity industry around fees and expenses.

HarbourVest Partners Year entered alternatives: 1982 Investment strategy: Includes fund commitments, direct investments and secondary investments in venture capital, buyouts, mezzanine and other strategies around the world Assets under management: $18 billion Limited partners: 3M, Chicago Teachers Pension Fund, New York State Teachers’ Retirement System, Ventura County Employees’ Retirement Association, Vermont State Retirement Systems, Virginia Retirement System, […]

Despite recent volatility in some developing regions, limited partner investors view emerging markets as an essential part of their private equity portfolios, according to a new survey by the Emerging Markets Private Equity Association.

Spire Capital Partners said it raised $133 million for Spire Capital Partners III LP, including an investment from Teacher Retirement System of Texas’s emerging managers program, according to a regulatory filing for the New York-based lower mid-market buyout firm.