Silver Oak Services Partners, the lower-middle-market specialist that closed its $209 million fund earlier this year, has exited its investment in surgery center operator Physicians Endoscopy in a deal with Wells Fargo spin-off Pamlico Capital.
Firm: Hamilton Lane Fund: Hamilton Lane Secondary Fund III LP Target: $650 million Amount Raised: $900 million Hamilton Lane raised nearly twice as much for its new secondary fund as it did for its predecessor from four years ago, partly because of wider acceptance and better liquidity in the marketplace for ownership interests in funds, […]
WestView Capital Partners has wrapped up a targeted $430 million fundraise for WestView Capital Partners III LP, its flagship lower mid-market fund, in a fresh example of a growth equity vehicle drawing strong interest.
In a departure from its core business as one of the largest buyout shops in the world, TPG Capital has stepped into the role of placement agent by raising more than $1 billion for Ridgemont Equity Partners through its TPG Capital BD unit.
Institutional investors would appear to be well-served backing firms on their debut, second and third funds, according to an analysis of this year’s Buyouts funds returns database. At a minimum our analysis found no reason to think they provide returns any lower than average.
Platinum Equity LLC has completed fundraising for its third buyout vehicle. The Beverly Hills, Calif.-based shop announced that it raised $3.75 billion, achieving its target for Platinum Equity Capital Partners III.
Analysis of a broad sample of buyout and related funds within the Buyouts returns database finds that persistence of performance has been a force for vintage years 1995 to 2008. In other words, the top performers tend to stay at the top; the bottom performers tend to stay at the bottom. That said, recent academic research shows persistence of performance waning for U.S. buyout funds after the 2000 vintage.
As premier buyout firms take more prominent positions on issues such as the environment and good governance, they are boosting the likelihood that smaller firms will follow suit, said Andrew Malk, the managing partner of consulting firm Malk Sustainability Partners.
For partners interested in adding a new LP to the roster, pay attention to this: The California State Teachers’ Retirement System added six new venture funds to its portfolio during 2011 and 2012. On the list are funds from Sofinnova Ventures, Craton Equity Partners, GGV Capital, Shasta Ventures and New Enterprise Associates. Perhaps the expansion […]
Carlyle Group LP has raised $10.2 billion from 289 investors for its flagship U.S. buyout fund, Carlyle Partners VI LP, and plans to wrap up the effort by the end of the year, according to a Form D filing with regulators and public comments by the Washington, D.C.-based firm.
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