Firms & Funds

Sponsors who get caught improperly charging fees to portfolio companies, and who think the issue will stay between them and the US. Securities and Exchange Commission, could be in for a big surprise.

Dominus Capital has put portfolio company Spectrum Corp on the selling block in a transaction being handled by Lazard’s middle market advisory shop out of Minneapolis, according to two sources familiar with the deal.

Meketa Investment Group, the San Diego-based advisory firm founded in 1978, will advise the investment committee of the California State Teachers’ Retirement System on its allocations to private equity and other asset classes as part of a new consulting assignment.

AlpInvest Partners, the private equity fund of funds manager owned by The Carlyle Group, is in the process of building an in-house energy and infrastructure team, according to two people with knowledge of the situation.

Distributions from Union Square Ventures’ debut 2004 fund and Spark Capital’s initial 2005 fund spiked last year, perhaps not surprisingly, according to a recent Washington State Investment Board portfolio report. Both firms were investors in Tumblr, which Yahoo acquired last summer, and both put money in Twitter, which went public after the cutoff for the […]

Fund of funds manager to formalize focus on sectors Fund commitments, co-investments and secondaries Carlyle has been active around natural resources AlpInvest Partners, the private equity fund of funds manager owned by The Carlyle Group, is in the process of building an in-house energy and infrastructure team, according to two people with knowledge of the […]

Prophet Equity, a Southlake, Texas-based buyout shop that specializes in lighting a fire underneath under-performers, has buttoned up $255.6 million in a first close of its second lower-mid-market fund.

SSM Partners has scored an investment gain of 7x on the sale of its interest in Datacert to Wolters Kluwer Corporate Legal Services, according to a person familiar with the Memphis-based growth equity specialist.

Sycamore Partners held a first close at $2 billion for its second private equity fund, as the New York-based buyout shop prepares to wrap up its largest-ever acquisition, The Jones Group Inc, according to sources familiar with the firm.