Odyssey Investment Partners, a middle market-focused firm, has essentially hit its $2 billion hard cap for its fifth fund, according to documents from the Pennsylvania Public School Employees’ Retirement System, sister news service peHUB reported.
Scott Crabill, managing partner, San Francisco office, for Thoma Bravo, explains how the vintage 2008 Thoma Bravo Fund IX boosted returns and set the tone for successive funds.
Leonard Green & Partners LP’s Peter Nolan said the firm’s move to buy Lucky Brand Jeans for $225 million from Fifth & Pacific Cos Inc marks an unusual move as a corporate carve-out, but the retail-oriented private equity firm sees potential to grow the business once it’s operating as an independent company.
It’s Bridgepoint’s 2008 vintage European large buyout vehicle that has shown the greatest IRR increase by quarter in the most recent figures from Washington State Investment Board to June 30. The data compares some 192 buyout-related vehicles, ranging from vintages 1994 to 2011. The top ten climbers in terms of positive IRRs for Washington for the quarter included […]
• LP commits more than $625 mln to alternatives • CVC, Odyssey, Blackstone and DRA get $100 mln each • In October, board approved more than $1 bln The Pennsylvania Public School Employees’ Retirement System is closing out 2013 in a big way, committing more than $625 million to alternative investment managers, sister news service […]
Bain Capital, the U.S. private equity firm, has bought a majority stake in Canada Goose Inc, a family-owned company which had been seeking an investor to help it meet demand for its high-end cold-weather gear, sister news service Reuters reported.
Three key private equity industry surveys discussed this week point to strong fundraising and increased support from limited partners in 2013 – and suggest a healthy year ahead.
A recent survey of limited partners has mixed news for general partners heading back to the well for fresh commitments in 2014, with many investors saying they have a strong appetite for U.S. buyout funds but little interest in evaluating new relationships with sponsors. Nearly two-thirds of respondents (62 percent) said they “plan to focus […]
Fifth & Pacific Cos Inc said it would sell its Lucky Brand Jeans business to private equity firm Leonard Green & Partners LP for $225 million as it focuses on its fast-growing, higher-end Kate Spade brand, sister news service Reuters reported.
KKR & Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc’s South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter told sister news service Reuters.
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