Healthcare Buyout Fund to Draw Crowd (06/30/2010)
Buyout firm RoundTable Healthcare has started talking to would-be limited partners about its next fund, which investors expect to be one of the most sought-after private equity offerings of the year.
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Firm Rounding Up Infrastructure Managers (06/02/2010)
Capital Innovations has received about $1 billion of commitments from clients interested in investing in infrastructure projects, and it is now vetting fund managers capable of putting the money to work.
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Proposed Bank Ban Rattles SBIC Operators (01/27/2010)
Market advocates are petitioning federal lawmakers to ensure that banks won't be prohibited from investing in private equity funds operating under the U.S. Small Business Administration's Small Business Investment Company program.
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Ex-Aldus Partner Sets Aggressive Outlook (11/18/2009)
Kicking off an effort to turn his newly purchased United Investment Managers into a major player in its field, former Aldus Equity partner Marcellus Taylor is developing four new funds of funds.
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Power Struggle Keeps Nogales LPs On Edge (10/21/2009)
Nogales Investors' limited partners have suddenly found themselves with their hands full, while the Los Angeles private equity shop contends with a management upheaval amid dismal performance.
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Black Diamond Taking Aggressive Turn (10/14/2009)
Black Diamond Capital Management has halted efforts to assemble an add-on for its latest distressed-debt fund, so it can seek twice as much equity for a stand-alone vehicle.
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Credit Lines Prove Costly for Starved VCs (09/16/2009)
As fund-raising strains increasingly prompt venture capital firms to seek out credit lines, many are finding that lenders want considerable amounts of collateral for what little financing they are willing to supply.
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BlackRock Fund of Funds Falls Short of Goal (07/08/2009)
BlackRock has stopped accepting capital for its latest private equity fund of funds, coming up more than 20% short of its $1 billion target due to a weak investment climate and concerns about the stability of its staff.
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Investors Seek Concessions in HRJ Takeover (05/20/2009)
Some HRJ Capital investors are trying to negotiate better terms for a planned sale of the fund-of-funds manager to Capital Dynamics, while three former employees sue the embattled firm for unpaid wages.
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Mount Kellett Funding Goals Tough to Reach (02/25/2009)
With its debut fund-raising push falling well short of expectations, investors are questioning whether distressed-debt player Mount Kellett Capital got ahead of itself in building up its operations.
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Backers Consider Bailing on Lehman Unit (12/10/2008)
Investors in at least one Lehman Brothers private equity fund may seek to walk away from undrawn commitments, as they grow increasingly skittish about the prospects for their holdings.
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PNC, Lincoln Put Investments Up for Grabs (11/12/2008)
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CORRECTION: A Nov. 12 article, "PNC, Lincoln Put Investments Up for Grabs," was incorrect. While at least two Pennsylvania financial institutions are shopping private equity fund stakes on the secondary market, neither Lin
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Duke Shedding Fund Stakes to Raise Cash (10/29/2008)
Duke University's endowment is preparing to offer a massive chunk of its $2 billion-plus private equity portfolio to meet liquidity needs and address its over-allocation to alternative investments.
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Reservoir Trims Plan for Unusual Fund (10/01/2008)
Reservoir Capital has lowered by $500 million its fund-raising goal for a still-large vehicle that is unusual in both the way it is structured and the combination of industries it is targeting.
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Apollo Grinding Toward Extended Deadline (09/17/2008)
Apollo Global has pushed back the final close of its latest fund by about three months, officially placing the firm on an ever-growing list of private equity shops that have seen their capital-raising prospects stall in recent months.
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Prism Heading Down Tough Marketing Trail (07/30/2008)
Prism VentureWorks is marketing its sixth fund, which could prove a tough sell with investors despite efforts by the firm to address lackluster performance through a change in leadership.
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Future VC Standouts Land '08 Fellowships (07/16/2008)
The Center for Venture Education has selected 25 aspiring venture capitalists as this year's Kauffman fellows - but the winners of the sought-after apprenticeships aren't the only new faces at the organization.
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LPs Fear LBO Drought Leads Operators Astray (04/23/2008)
The slowdown in the flow of large leveraged buyouts has some limited partners worried that their fund managers are seeking overly creative ways to invest and straying from their tried-and-true strategies.
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Turnaround Shops Eager for Bankruptcy Test (03/19/2008)
Turnaround firms believe they are about to see the first widespread opportunities to enjoy the fruits of a three-year-old change to the U.S. bankruptcy code, as credit-crunch-related pressures lead to a rise in corporate failures.
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CCMP Leadership Shift Rankles Investors (03/12/2008)
J.P. Morgan spinoff CCMP Capital told investors on Friday that Jeffrey Walker will step down as its chairman, not long after he played a prominent role in the firm's first independent marketing campaign.
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FASB Rules Weigh Down Secondary Market (03/05/2008)
New accounting rules are exacerbating an already-growing disparity between the prices that secondary-market sellers of interests in private equity funds are asking and those that buyers are willing to pay.
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ArrowPath Execs Negotiating Firm's Future (02/06/2008)
The next few weeks will likely determine the fate of ArrowPath Ventures, which suffered a potentially serious setback a month ago when one of the firm's top two partners headed for the door.
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Market Seeks Clarity in Megafund Campaigns (01/30/2008)
A great deal of variation is emerging in the timetables that big buyout fund managers are projecting for their latest capital-raising efforts, reflecting uncertainty that has been creeping into the private equity industry.
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Infrastructure Team Touting Citi Pedigree (01/23/2008)
A team of former Citigroup executives is raising money for a fund that would pursue infrastructure-related investments, in an offering that in certain ways pits them against a group of ex-colleagues.
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