The number of sponsor-backed companies in Standard & Poor’s “weakest links” report has fallen since May, when Buyouts last covered the report, as the outlook for a number of buyout-backed investments has improved. Of the 133 companies on the list with combined debt of $146.07 billion, Buyouts identified 36, with combined debt of $56.1 billion, […]
Firm: Geneva Glen Capital LLC Investment Pros: Managing Directors Jeff Gonyo and Adam Schecter; Vice President Tom Wuellner Strategy: To invest up to $40 million in companies generating $3 million to $20 million in EBITDA in business services, consumer services, consumer products, food and niche manufacturing History: Started by Gonyo in 2008 to invest his […]
UK-based fund-of-funds manager SL Capital Partners intends to commit $50 million to $75 million per year in the United States over the next couple of years, said Jamie Ebersole, senior investment director in the firm’s Boston office. That yearly commitment amount will likely be divvied up among three to six general partners. The firm currently […]
The Oregon State Treasury has negotiated lower fees and better terms with six private equity firms, and is in talks with two other general partners to do the same. The state is taking advantage of a fundraising market in which too little capital is available for too many firms seeking it. One of the firms […]
Times may be tough, but Institutional investors continue to search for new firms to replenish their alternative asset investment portfolios. U.S.-based emerging managers—loosely defined as buyout, distressed and growth equity firms raising their first or second fund—raised approximately $7 billion in the first half of 2010, or more than a fourth (25.5 percent) of the […]
Marc Sacks Role: Senior Managing Director, Head of Private Equity Institution: Mesirow Financial Private EquityAssets Under Management: $3 billionOffice: ChicagoStaff: 20 investment professionals
How important was the Volcker rule in your decision to go independent from Bank of America? We’ve been talking to the bank for at least three years about re-positioning the business for third-party capital. As we came to a consensus with the bank three years ago, the markets really contracted, so clearly that wasn’t the […]
David BerchenbriterPartner, BerchWood Partners
Kohlberg Kravis & Roberts & Co. and The Blackstone Group may own the headlines for sponsoring the biggest buyouts. But a bevy of new LBO firms have quietly formed in recent years, buying and selling small and medium-size companies in less-traveled regions of the country.
The Oregon State Treasury has negotiated lower fees and better terms with six private equity firms and is in talks with two other general partners to do the same. One of the firms that agreed to lower its fees is The Blackstone Group. Oregon made a $200 million commitment to Blackstone Capital Partners VI LP […]
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