Canadian firm EdgeStone Capital Partners is restructuring two funds to give existing investors the option of cashing out or rolling their interests into a new vehicle, according to three people with knowledge of the situation.
Top News & Analysis
Odyssey Investment Partners faced the worst economic downturn since the Great Depression when it launched fundraising for Odyssey Investment Partners IV in 2008. But the New York firm led by Chairman Stephen Berger, a leader in the New York political arena, barely missed a beat.
Demonstrating how portfolio company problems can quickly become sponsor problems, Desmond “Des” Hague, the Centerplate Inc CEO caught on tape kicking a one-year-old dog in his care, resigned amid a public outcry earlier this month.
Angeles Equity Partners is seeking $300 million for its first fund, two sources said.
Download the “Q2 2014 Exits” table from the Related Files tab below to see the full list of all M&As and IPOs by U.S.-based financial sponsors in the second quarter of 2014.
The Government of Singapore Investment Corp is taking the unusual step of investing directly in unlisted companies, a move bankers say will be mimicked by other sovereign wealth funds as low yields spur fund managers to adopt a more hands-on attitude in their search for higher returns.
In this video from the PartnerConnect Midwest 2014 conference in Chicago, Neha Markle, executive director of the Morgan Stanley Alternative Investment Partners PE Fund Group, discusses the firm’s third party fund of funds business, which has more than $35 billion of assets under management, including $12 billion in private equity investments.
Buyout and mezzanine funds based in the United States have raised $136.3 billion in capital commitments from institutional investors through Aug. 5. Overall fundraising continues to outpace the amount raised this time last year, when buyout and mezzanine funds managed to collect $100.5 billion in commitments.
From the Editor
In picking strategies within private equity, investors largely got it right betting heavily over the last three decades on leveraged buyout funds. That said, venture capital firms have staged a significant comeback since the woebegone years following the Internet bubble, and they could pose competition for dollars in the months ahead.
Inside the Deal
Co-investing has gained popularity amongst investors who are looking for a stronger alignment of interest, more control and, ultimately, an amplification of the outperformance that is possible through investing in private equity.
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