Valor Equity Partners, the Chicago-based buyout firm currently in the market to raise Fund III, disclosed a value greater than $75.9 million for its investment in Elon Musk’s Space Exploration Technologies, or SpaceX, according to a public document.
HGGC’s pending acquisition of a controlling stake in Serena Software for an undisclosed sum marks the Palo Alto, California-based buyout firm’s first platform deal from HGGC Fund II LP, its buyout fund that is currently in the market.
Arsenal Capital Partners bought Danlin Industries from Hastings Equity Partners for an undisclosed sum as its second oil-services deal in March after the New York-based buyout shop moved to acquire specialty chemicals firm Kel-Tech, according to a person familiar with the firm.
A big gain by Claremont Creek Ventures’ second fund propelled it to the top of the California Public Employees’ Retirement System Golden State Investment Partners’ venture portfolio, displacing Upfront Ventures. The fund, Claremont Creek Ventures II, saw its IRR shoot up to 16% in the pension manager’s most recent portfolio report, dated June 2013. That […]
Energy & Minerals Group, the Texas-based private equity shop led by John T. Raymond, is expected to hit the $3.5 billion cap for Energy & Minerals Group Fund III in the second quarter, as it invests in the emerging Utica shale oil region of Ohio, according to a person familiar with the fund.
Some people have the good fortune to spend their careers turning that most cynical of chestnuts — ”life is not fair” — on its head.
Private equity isn’t known for investing in the wedding banquet sector but that didn’t stop Prospect Partners, sister website peHUB reported.
With about two-thirds of GDP tied to consumer spending, sponsors and their limited partners can’t ignore the roughly $12 trillion spent by U.S. households each year on consumer goods and services.
One difficulty in raising capital is the inefficiency of the private fund marketplace, said Dan Vene, the chief executive of iCapital Network, a fledgling website that seeks to provide a matchmaking service—and more—to firms and their investors.
The auction of JPMorgan Chase’s private equity business, One Equity Partners, in the market since at least November, has hit an impasse, according to three people with knowledge of the situation.
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