The BDC industry is likely to continue to expand as banks shift away from risky cash-flow loans, and non-traded BDCs are planning to capture a growing share of that expansion, says Robert K. Grunewald, the chief investment officer of non-traded Business Development Corporation of America.
Mezzanine financing may be under pressure amid competition from cheaper sources of loans, but that hasn’t stopped Crescent Capital Group from raising one of the biggest funds in recent memory dedicated to the junior capital class.
The $800 million deal by Vista Equity Partners to buy logistics tech firm Omnitracs from Qualcomm marks the buyout shop’s second big tech acquisition since May and its third-largest purchase since 2010, as the private equity firm bulks up its deal-making a year after its fourth marquee fund closed $1 billion ahead of its target.
The University of California’s mid-decade ventures funds turned in a mixed performance over the past year. The portfolio of 33 funds with vintages of 2003 to 2006 by and large has solid performers, according to a portfolio report updating fund performance to December 2012. A total of 22 funds, or about two-thirds of the holdings, […]
Tapping interest from limited partners in buying into existing private equity funds, Portfolio Advisors LLC has raised nearly $500 million for Portfolio Advisors Secondary Fund II LP, according to Form D filings from the Darien, Connecticut, fund-of-funds manager.
Firm: RCP Advisors LLC Fund: RCP Fund VIII LP Target: $250 million Amount Raised: $267.7 million Placement Agent: PTP Securities LLC RCP Advisors LLC surpassed its fundraising target by nearly $18 million as it wrapped up the final close for RCP Fund VIII LP at $267.7 million, the latest in its series of funds of […]
The deal by Ares Management LLC and Ontario Teachers’ Pension Plan to buy building products maker CPG International Inc faces a potential debt downgrade pending further data on the transaction, ratings firm Moody’s Investors Service Inc said.
RCP Advisors LLC surpassed its fundraising target by nearly $18 million as it wrapped up the final close for RCP Fund VIII LP at $267.7 million, the latest in its series of funds of funds aimed at the lower middle market.
Mill City Capital plans to raise up to $200 million for its second buyout fund in three years after the Minneapolis-based mid-market buyout shop spun out of Goldner Hawn Johnson & Morrison, according to a filing with regulators.
Mill Road Capital, a firm that takes small positions in public companies with an eye toward taking some of them private, has so far raised $272 million for its sophomore fund, Mill Road Capital II LP. That is more than half the fund’s $525 million fundraising target, according to a recent regulatory filing. Â
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