Five Questions with Paul Carbone of PPC PartnersPosted: 12/11/2018 |
Subscription Required PPC Partners was formed in February as the exclusive acquirer of middle-market companies for Pritzker Group Private Capital. Led by Tony Pritzker, president and CEO, and Paul Carbone, president and managing partner, PPC Partners has made two acquisitions and several add-ons since inception. Carbone spoke with ActiveLPs. How did the idea of PPC Partners originate? […] | | Read more... | |
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Pennsylvania PSERS returns to Lindsay Goldberg, commits to fifth fundPosted: 12/10/2018 |
Subscription Required Pennsylvania Public School Employees’ Retirement System committed $150 million to Lindsay Goldberg’s fifth fund, which is targeting $4 billion. The system last committed $300 million to the New York private equity firm’s first fund, Lindsay Goldberg & Bessemer’s Fund I, in 2001. Lindsay Goldberg makes control investments in middle-market family-owned or entrepreneur-led companies in industrial, services, healthcare […] | | Read more... | |
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Fresh Profile: GMH Ventures partners with private equity to get deals donePosted: 12/07/2018 |
Subscription Required GMH Ventures, the family office and investment arm of Gary Holloway Sr., partners with private equity managers and independent sponsors on middle-market acquisitions in manufacturing, distribution and services. Pennsylvania-based Holloway was an early mover in student and military housing and purchased his first student housing community in 1986. From there, he expanded it to more than 29,000 […] | | Read more... | |
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NYC pension system, with $12 bln private equity portfolio, names PE chiefPosted: 12/06/2018 |
Subscription Required New York City Comptroller Scott Stringer named J. David Enriquez as head of private equity within the city’s Bureau of Asset Management, placing him in charge of the city pension funds’ $12 billion private equity portfolio. The five pension funds in the New York City system collectively have $200.2 billion in assets with a $12 billion private […] | | Read more... | |
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Trammell Crow’s family investment arm targets $60 mln for new fundPosted: 12/06/2018 |
Subscription Required Crow Holdings Capital-Investment Partners, a multi-family office that invests on behalf of real estate tycoon Trammell Crow’s family, is raising a $60 million industrials fund, a recent Form D said. CHC-Investment Partners is part of Crow Holdings Capital that also includes CHC-Real Estate. CHC-Investment Partners is led by Michael Silverman, principal and chief investment officer, […] | | Read more... | |
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Serruya FO, Lion Capital partner in acquiring Global Franchise GroupPosted: 12/05/2018 |
Subscription Required Family office Serruya Private Equity partnered with Lion Capital in acquiring the owner of Great American Cookies, Round Table Pizza and other retail food brands. Last month, Lion and SPE acquired Global Franchise Group from Levine Leichtman Capital Partners. The Los Angeles PE firm announced the sale but did not disclose the terms or buyers. The […] | | Read more... | |
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New Mexico reaches into 2019 pot to ensure space in Blackstone real estate megapoolPosted: 12/04/2018 |
Subscription Required New Mexico State Investment Council does not like to miss opportunities to invest with its preferred managers. The fund at its Nov. 29 meeting committed $100 million to Blackstone Group’s ninth real estate fund, making the allocation early out of its 2019 target. The sovereign fund had already used up its 2018 allocation target, Jack […] | | Read more... | |
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New Jersey commits to TPG Rise Fund II, TSG consumer fundPosted: 12/04/2018 |
Subscription Required New Jersey State Investment Council approved $275 million in private equity commitments at its November meeting, backing TPG’s second social-impact fund and a middle-market consumer fund. The $79.4 billion state pension system committed up to $125 million to Rise Fund II, which is part of the TPG Growth platform. Rise Fund, which has a $3.5 […] | | Read more... | |
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LPs seek sector specialization, especially in healthcare: surveyPosted: 12/03/2018 |
Subscription Required Many limited partners are seeking additional expertise in specific industry sectors, and a majority see healthcare and pharma as areas rich in opportunity, according to a new survey. Nearly one in five LPs are planning to allocate additional resources to sector specialization, according to Coller Capital’s Global Private Equity Barometer for winter 2018-2019. Coller surveyed 100 […] | | Read more... | |
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FO L2Capital, independent sponsor Lakewood partner to buy recruiterPosted: 12/03/2018 |
Subscription Required L2Capital Partners, Bob Levine’s family office, in partnership with independent sponsor Lakewood Capital bought Orion ICS and its subsidiary Novotus on Monday. Previously Orion Talent, the executive-search firm connects businesses with military candidates for recruitment needs. Clients include engineering companies like Siemens, construction, medical, paper and food industries, among others. Orion acquired recruiting-process outsourcer Novotus in 2016 to […] | | Read more... | |
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