Firms & Funds

Z Capital Partners, the special situations firm run by James Zenni, the founder of Black Diamond Capital Management, has beat its target for its second fund and is now eyeing its $750 million hard cap, according to two people with knowledge of the situation, sister news service peHUB reported.

HGGC Chief Executive and Managing Partner Rich Lawson is expecting MyWebGrocer Inc to expand globally as more consumers use their mobile phones to order and buy groceries to pick up at their favorite market.

Apollo Fund VIII‘s final fundraising tally has tipped the scale at $18.4 billion, making it the largest buyout fund since the financial crisis and the heftiest in the New York firm’s history, including an $880 million pledge from insiders.

Buyouts is now accepting applications for its fourteenth annual Deal of the Year awards, honoring exceptional buyouts that were fully or mostly realized in 2013.

The New Jersey State Investment Council OK’d a $300 million commitment to TPG Opportunities Partners III LP and related separate accounts, while moving to pare back its target allocations to buyout and venture capital funds. 

Kohlberg Kravis Roberts is closing funds all over the place.

Extending its push into alternative finance, the New York money manager Neuberger Berman LLC has launched a drive to raise money for an expansion into leveraged lending.

Lazard Ltd’s Private Fund Advisory Group, which raises private equity and real estate funds, and whose fastest-growing business is advising on secondary sales, expects to hire at least three more people over the next several months, according to a source close to the group.

Capstone Partners is planning to open a New York office with new hire Michael Keaveney lined up to lead the firm’s expansion in the Big Apple, according to an executive at the placement specialist.

 AnaCap Financial Partners is in the market raising its third flagship fund targeting €900 million ($1.2 billion) for financial services investments, according to a person with knowledge of the situation, as well as documents from New Jersey’s State Treasury’s Division of Investment, sister news service peHUB reported.