Firms & Funds

Golub Capital Inc has launched fundraising for its latest flagship fund, a regulatory filing showed, as the company shifts to Arabic numerals from Roman ones.

With regulators moving to curb certain impacts of the Volcker Rule, hopes are rising that they also may act to reduce certain limitations on collateralized loan obligations.

Raine Group, the New York-based firm launched by veterans of Goldman Sachs and UBS that advised on the high-profile deal to buy talent agency IMG, has raised $367 million for Raine Partners II LP, just about two years after closing its inaugural vehicle. 

In this video from Buyouts Texas, Erik Hirsch, the chief investment officer at Hamilton Lane, talks about trends affecting the private equity industry.

The advisory business has been a tough place to grow over the last few years as the institutional do-it-yourself movement gained momentum. But via a prescient bet on separate accounts before they became all the rage, and recent acquisitions, StepStone Group LP has a big head of steam.

Firm is poised to close on up to $1.6 billion for its eighth secondary fund.

The State of Wisconsin Investment Board’s private equity portfolio outpaced its benchmark by a healthy 1 percent in calendar year 2013 as the asset class boosted overall returns for the pension system, according to preliminary estimates from the retirement system.

Thomas H. Lee Partners is tapping into the growing pet arena with a deal to buy Phillips Pet Food & Supplies from AEA Investors as it continues fundraising for its $4 billion flagship Fund VII. 

The middle-market buyout shop is targeting $750 million for its second fund and is on track to wrap up fundraising by the end of the first quarter, LP sources said.