Sam Sutton
Warburg Pincus is targeting $12bn for its latest mega-buyout fund, which the firm plans to invest globally across a variety of strategies and sectors.
Private equity firms are asking limited partners for terms that would allow for the renegotiation fund agreements in the event carry’s tax treatment changes.
The $50.8bn retirement system committed almost $950m to private debt funds at its meeting last month, focusing its strategy on the US and European mid-markets.
KPS Capital Partners has notched a 70% compounded IRR through its sale of HHI Group Holdings to American Securities.
The California Public Employees’ Retirement System will go it alone on an emerging manager workshop that had been billed as a joint effort with the California State Teachers’ Retirement System.
A prominent member of KKR’s mezzanine team has joined Levine Leichtman Capital Partners where he will help lead the firm’s credit strategies investment team.
Cuyahoga Capital Partners has been acquired by Private Advisors. Cuyahoga founders Bart Shirley (pictured) and Chris Hanrahan will join the firm.
Manfred Schneider oversaw the pharmaceutical company’s expansion in North American and Asian markets during his 10 year tenure as chairman.
Telecom- and media-focused ABRY received $25m, while ICV Capital was awarded $20m. The latter was part of a mandate for minority-owned funds.
With $431m committed, MassPRIM has a long way to go to reach the $1bn target allocation it has set for private equity and venture capital in 2012.