Wikipedia:Articles for deletion/Coller Capital/Private Equity Firm Pages

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The following discussion is closed. Please do not modify it. Subsequent comments should be made on the appropriate discussion page. No further edits should be made to this discussion.


This page is intended to serve as a source regarding notability and objectivity for several articles about the largest investment firms in the Private equity secondary market. Please note that all of these firms are major purchasers of leveraged buyout or venture capital funds and are well known within the private equity industry. Please note that these are not Private equity funds (i.e., firms that invest in companies) although the same criteria in terms of size and recognition in third party sources should apply.


For my purposes, I would argue that the top 5-6 firms, each with at least $5 billion of capital under management and a current investment fund of at least $2 billion should be notable for purposes. Please compare these firms to the top 50 Private equity funds investing in corporate assets for a sense of size / scope.


Please search the following for yourself for numerous references to each firm:


Other articles that could reasonably be added that would likely face the same issues:


Search Terms: lexington partners Click on column head to re-sort table. Click on title to get article.

Score Date Title/Summary Word Count

77% 3/26/08 No Newbie Treatment for Newbury Secondary-market shop Newbury Partners concluded capital-raising efforts for its... 286

84% 12/19/07 Calpers Selling to Coller and Others Coller Capital, HarbourVest Partners and Lexington Partners are poised to win large... 247

77% 11/28/07 South Carolina Builds Up Stockpile South Carolina Retirement pledged $230 million to four private equity funds last... 246

80% 11/28/07 RBS Finds Takers for Immense Sale Royal Bank of Scotland has lined up a group of buyers willing to pay the £1... 264

77% 11/14/07 Snubbing Bidders, Virginia Yanks Portfolio Virginia Retirement has cancelled the auction of a portfolio of investments in private... 689

80% 11/14/07 Retirement Holdings In Play at 3M The employee pension system of 3M is preparing to offer some of its private equity... 203

80% 10/17/07 Conversus Making Splash in Secondary Arena Investors in the private equity arena's clubby secondary market are about to be joined... 620

87% 9/26/07 New Buyers Sought for Repeat Sale The three secondary-market players that bought into a $1 billion "stapled" package... 387

94% 8/15/07 Lexington Maps Biggest Secondary Fund Lexington Partners is planning its next fund-raising push, which will aim to line... 555

77% 8/1/07 Lehman Eyes $1.5 Bil. Secondary Fund Lehman Brothers has invested most of the capital in its first secondary-market fund... 331

80% 7/11/07 THE GRAPEVINE Lexington Partners has added a principal to its Menlo Park, Calif., office. The recruit,... 65 77% 7/4/07 RBS Tees Up Hefty Stapled-Secondary Trade Royal Bank of Scotland is gearing up for a secondary-market offering that could approach... 218

80% 7/4/07 Novel Deal Inspires Possible Sequel It looks like American Capital Strategies is planning to replicate an unusual arrangement... 260

77% 6/27/07 Pomona Lands Bulk of Ohio Bureau's Sell-Off Pomona Capital won the bidding on most of the private equity portfolio offered by... 393 80% 6/20/07 Pacific Life Stepping Up Investment Pace Pacific Life will soon increase its private equity investment pace, possibly doubling... 245

77% 5/23/07 Next Corps of Tomorrow's VC Stars Picked More than two dozen aspiring venture capitalists were notified this week that they've... 818 77% 5/2/07 Secondary Supply to Match Fierce Demand Supply is finally starting to catch up with demand in the secondary market for private... 619

80% 4/18/07 Ex-Palomar Pros Make Rounds With Investors Two former Palomar Ventures executives are quietly gauging investor interest in what... 441

77% 3/28/07 Highland Aims at Consumer Sector Highland Capital is working to raise $250 million for what would be its first dedicated... 244

77% 3/7/07 Fund-Raising Breather for Secondaries Pantheon Ventures has finished lining up $2 billion for its latest secondary-market... 407

1. Conversus To Buy Part Of Calpers Portfolio February, 2008 - Conversus Capital LP said it has agreed to buy a piece of the California Public Employees Retirement System's private equity portfolio on the secondary market. >>>

2. Highland's Dan Nova Sees Grim Exit Outlook January, 2008 - Dan Nova, managing general partner of venture firm Highland Capital Partners, found 2007 to be a great year for exits, but said 2008 is off to a "horrible start" in this regard. >>>

3. New Jersey Mulls Equity Stakes, Trimming Its Relationships January, 2008 - The $80 billion New Jersey State Investment Council will consider strategies that enable it to obtain equity stakes in its general partners, according to a copy of its investment plan. >>>

4. Private Equity Attains New Peaks, But Cloud Cover Obscures The View January, 2008 - U.S.-based private equity firms raked in an eye-popping $302 billion in 2007 across 415 funds, a new annual record, and for the first time yearly fund-raising has exceeded $300 billion. But the total feels almost like it belongs to a previous era, as the environment these firms face as they begin investing their hundreds of billions in capital looks markedly different than it did when they were raising them. >>>

5. Market Insight Briefs January, 2008 - Metalmark, Citi Join Forces Metalmark Capital has agreed to join Citigroup, realigning itself with a big bank just three years after spinning out of Morgan Stanley. Metalmark's move highlights just how difficult it can be for spinouts to survive, especially when they have come to rely on larger institutions' various relationships for deal flow. Metalmark's investment team spun out of Morgan Stanley in 2004 as the bank grew concerned about conflicts of interest with its other clients. The team that joined Metalmark had been successful, credited with having generated a 24% internal rate of return over a 20-year-period at Morgan Stanley. But investors questioned the new firm's ability to find deals without help from Morgan Stanley's army of bankers. Metalmark failed to raise the $1.5 billion it sought for its first fund, settling for $1.2 billion in 2005. Subsequently, two of its four founding partners left, and Metalmark seemed likely to struggle to raise a second fund, one person close to the firm said. With Citigroup's backing, Metalmark is expected to raise a new $3 billion fund. Citigroup is not buying Metalmark's position in its first fund, nor the fees and carried interest profits it stands to collect. Reach Metalmark Capital at 212-823-1930. >>>

6. Lehman Targets $1.5B For New Secondary Fund December, 2007 - Wall Street bank Lehman Brothers is seeking to raise $1.5 billion for Lehman Brothers Secondary Opportunities Fund II LP, according to two people familiar with the fund. >>>

7. Calpers Sells Secondary Portfolio For Around $1.5B December, 2007 - A syndicate of four buyers has emerged as the likely winner of the California Public Employees' Retirement System's private equity portfolio, ending a year-long saga in the sale of the largest portfolio to find its way to the U.S. secondary market to date. >>>

8. RBS Days Away From Inking $2.1 Billion Secondary Deal December, 2007 - The Royal Bank of Scotland is in final negotiations with four buyers to sell a portfolio of private equity assets, in a deal valued at more than GBP1 billion ($2.1 billion), according to people familiar with the matter. >>>

9. The Roundup November, 2007 - Buyouts AIG Highstar Capital, New York, closes AIG Highstar Capital III LP at $3.5 billion, crushing its $2 billion cover amount and also beating an initial $3 billion hard cap. The general partner received consent from existing investors in its latest infrastructure fund to raise an additional $500 million due to demand among existing limited partners and investors, according to a person familiar with the firm. The fund, which held a $2.1 billion first closing in June, is significantly larger than its $800 million predecessor, which closed in June 2005. One known investor in the fund is San Bernardino County Employees' Retirement Association. The firm is sponsored by parent American International Group Inc. Reach AIG Highstar Capital at 212-770-7000. >>>

10. Ohio Police & Fire Pension Allocates $10M To Primus Capital VI October, 2007 - The Ohio Police & Fire Pension Fund has decided to commit $10 million to Primus Capital Fund VI LP, a follow-on investment. Cleveland-based Primus Capital Funds is out on the marketing trail seeking commitments of $250 million, but not to exceed $300 million, for Fund VI, LBO Wire previously reported. >>>

11. Lexington Eyes Up To $6B For Two New Secondary Funds October, 2007 - After raising an eye-popping $3.8 billion secondary fund less than a year ago, Lexington Partners will soon return to raise a successor with a $5 billion target, according to founder and Managing Partner Brent Nicklas. >>>

12. RBS To Launch GBP1B Debut PE Fund With Outside Capital October, 2007 - The Royal Bank of Scotland is cleaning a big chunk of private equity assets off of its balance sheet, moving them into a debut private equity fund that aims to fetch in the neighborhood of GBP1 billion ($2 billion) from third-party investors, according to people involved in the transaction. >>>

13. Secondary Firms See New Sources Of Deal Flow October, 2007 - Ken Sawyer, founding partner of secondary firm Saints Capital, has sealed three deals this year in which hedge funds were the sellers. He expects such opportunities to increase, and he isn't alone. >>>

14. Market Insight Briefs October, 2007 - Morgan Stanley Shuts VC Unit After struggling to spin off its 21-year-old venture capital division, Morgan Stanley has instead opted to shut it down. The bank said in May 2005 that it would spin off Morgan Stanley Venture Partners' team, which was to take the name Crossmark Capital and be led by Man-aging Member William Harding. But Crossmark never held a first close. Launched in 1986, Morgan Stanley Venture Partners raised six funds with over $1.2 billion in committed capital. Reach Morgan Stanley at 212-761-4000. >>>

15. Virginia Retirement System Selling $300M+ PE Portfolio September, 2007 - The Virginia Retirement System is selling north of $300 million worth of private equity assets on the secondary market, the latest of a growing number of pension funds and endowments that are doing away with non-core private equity investments. >>>

16. LP Summary September, 2007 - Joining a growing number of pension funds and endowments doing away with non-core private equity investments, the Virginia Retirement System is selling north of $300 million worth of private equity assets on the secondary market. Coller Capital, Lexington Partners and Harbourvest Partners are all said to be looking at some of the larger pieces of the portfolio . . . Goldman Sachs & Co. has closed its latest global diversified fund of funds at $1.8 billion, slightly larger than the $1.5 billion that the group raised in 2006 for its prior global offering . . . The Washington State Investment Board has committed to invest about $1.525 billion in four funds, including up to $750 million in Warburg Pincus Private Equity Fund X LP and up to $700 million in KKR European Fund III LP . . . Despite recent turnover in its upper ranks, WestLB Mellon Asset Management has managed to round up $101 million in a first closing of its newest fund of funds. >>>

17. Snow Phipps Raises $620M For Debut Fund September, 2007 - Snow Phipps Group LLC, the New York-based mid-market buyout shop launched by Ian K. Snow and Ogden Phipps, has closed its first fund at $620 million, well ahead of the fund's $500 million target. >>>

18. Pomona Tests Investors' Interest In $1B Secondary Fund July, 2007 - Joining a string of secondary investors coming back to market with large funds, Pomona Capital, a New York and London-based secondary private equity firm, is testing investors' interest for its next secondary vehicle. >>>

19. Newbury Partners Gathering Steam With Debut Secondary Fund July, 2007 - Newbury Partners LLC, the secondary firm formed last year after the departure of Auda Private Equity LLC's entire secondary team, has raised $500 million for its debut fund so far, paving the way to meet its $750 million target. >>>

  • Founded in 1989 (one of the three oldest firms)
  • ~100 employees in US and UK
  • Currently the second largest firm by assets under management and largest firm by size of current fund
  • Article headlines from Private Equity Insider and Private Equity Analyst (apologies for formatting) that include references to Coller Capital (I have not included entire articles to conserve space / time):


Search Terms: coller Click on column head to re-sort table.

Click on title to get article.

Score Date Title/Summary Word Count

77% 4/9/08 ABN Owners Offering 2 Private Equity Units The three European banks that acquired parts of ABN Amro last year are close to spinning... 414

77% 2/20/08 Secondary Players Eye Hedge Funds Secondary-market buyers scouting for distressed opportunities are turning their sights... 456

80% 2/6/08 Cash-Needy Banks Fueling Secondary Market Capital-hungry banks are expected to drive secondary-market activity this year as... 625

88% 12/19/07 Calpers Selling to Coller and Others Coller Capital, HarbourVest Partners and Lexington Partners are poised to win large... 247

80% 11/28/07 RBS Finds Takers for Immense Sale Royal Bank of Scotland has lined up a group of buyers willing to pay the £1... 264

77% 11/14/07 Snubbing Bidders, Virginia Yanks Portfolio Virginia Retirement has cancelled the auction of a portfolio of investments in private... 689

80% 10/17/07 Conversus Making Splash in Secondary Arena Investors in the private equity arena's clubby secondary market are about to be joined... 620 80% 8/15/07 Lexington Maps Biggest Secondary Fund Lexington Partners is planning its next fund-raising push, which will aim to line... 555

84% 8/8/07 Credit Suisse Opens Secondary Advisory Shop Credit Suisse is forming a unit to advise the growing number of institutions interested... 620

80% 8/8/07 India-Focused Funds Exceed Targets Raging demand for exposure to investments in India has propelled two fund-management... 219

77% 8/1/07 Lehman Eyes $1.5 Bil. Secondary Fund Lehman Brothers has invested most of the capital in its first secondary-market fund... 331

91% 7/25/07 Days Numbered for Coller's Annex Unit Coller Capital won't pursue any further secondary-direct investments through a unit... 266

77% 7/4/07 RBS Tees Up Hefty Stapled-Secondary Trade Royal Bank of Scotland is gearing up for a secondary-market offering that could approach... 218 80% 6/20/07 Funds of Funds Face Increasingly Tough Sell Operators of private equity funds of funds are finding creative ways to appeal to... 504

80% 5/9/07 UK Firm Maps Next Secondary Fund Headway Capital will soon start raising capital for a secondary-market vehicle that... 166 89% 3/28/07 Coller, Shell Team Up for Early-Stage Play Secondary-market investor Coller Capital is entering a joint venture with a Shell... 216

89% 3/28/07 Ritchie Sale Advances Without Coller Details are emerging about Ritchie Capital's recent agreement to sell a portion of... 466

77% 3/14/07 Mizuho Takes Rare Tack to Fund Its Stakes Mizuho Bank is employing an unusual strategy to fund some €500 million of its... 519 80% 3/7/07 Citi Back in Buyouts After Brief Absence After spinning off its buyout arm last year, Citigroup is already moving back into... 334

82% 3/7/07 Fund-Raising Breather for Secondaries Pantheon Ventures has finished lining up $2 billion for its latest secondary-market... 407

Additional article headlines (From Private Equity Analyst)

1. LPs Grit Their Teeth After Big Bets On Mega Funds March, 2008 - Over the past two years, California State Teachers' Retirement System lavished its favorite buyout shops with outsized commitments, including at least two that topped the $1 billion mark. >>>

2. European Firm 360° Wraps Debut Fund At $148M February, 2008 - European venture capital firm 360° Capital Partners has held a EUR100 million ($148 million) final close on its debut fund. New limited partners European Investments Fund, Assurance Generales de France, Banca Sella Group and Natixis joined earlier contributors CDC Enterprises, Credit Suisse-Alpha Associates, Partners Group, Banca Intesa Group, Wilshire Associates, Paul Capital Partners and Coller Capital. >>>

3. INDUSTRY DATA: LPs Thumb Noses At Buyout Slowdown January, 2008 - Limited partners are expected to increase their allocations to private equity in the next few years, despite a slowdown in buyout activity. LPs' confidence in the asset class comes primarily from anticipated returns from other pockets of the PE industry, like venture capital and emerging markets. >>>

4. Calpers Sells Secondary Portfolio For Around $1.5B December, 2007 - A syndicate of four buyers has emerged as the likely winner of the California Public Employees' Retirement System's private equity portfolio, ending a year-long saga in the sale of the largest portfolio to find its way to the U.S. secondary market to date. >>>

5. Asia, Venture Come Into Vogue With LPs December, 2007 - Limited partners are expected to increase their allocation to private equity in the next few years, despite the slowdown in buyout activity. LPs' confidence in the asset class comes primarily from anticipated returns from other pockets of the PE industry such as venture capital and emerging markets. >>>

6. RBS Days Away From Inking $2.1 Billion Secondary Deal December, 2007 - The Royal Bank of Scotland is in final negotiations with four buyers to sell a portfolio of private equity assets, in a deal valued at more than GBP1 billion ($2.1 billion), according to people familiar with the matter. >>>

7. IP Investors Look To Stand On Their Own Two Feet November, 2007 - Intellectual Ventures, Acacia Technologies Group and Emergent Technologies Inc. sound like the names of traditional venture capital firms. But rather then setting their sights on building the next Google or Facebook from napkin to Nasdaq, these firms are trafficking in the less tangible world of intellectual property. >>>

8. RBS To Launch GBP1B Debut PE Fund With Outside Capital October, 2007 - The Royal Bank of Scotland is cleaning a big chunk of private equity assets off of its balance sheet, moving them into a debut private equity fund that aims to fetch in the neighborhood of GBP1 billion ($2 billion) from third-party investors, according to people involved in the transaction. >>>

9. Secondary Firms See New Sources Of Deal Flow October, 2007 - Ken Sawyer, founding partner of secondary firm Saints Capital, has sealed three deals this year in which hedge funds were the sellers. He expects such opportunities to increase, and he isn't alone. >>>

10. Market Insight Briefs October, 2007 - Morgan Stanley Shuts VC Unit After struggling to spin off its 21-year-old venture capital division, Morgan Stanley has instead opted to shut it down. The bank said in May 2005 that it would spin off Morgan Stanley Venture Partners' team, which was to take the name Crossmark Capital and be led by Man-aging Member William Harding. But Crossmark never held a first close. Launched in 1986, Morgan Stanley Venture Partners raised six funds with over $1.2 billion in committed capital. Reach Morgan Stanley at 212-761-4000. >>>

11. Virginia Retirement System Selling $300M+ PE Portfolio September, 2007 - The Virginia Retirement System is selling north of $300 million worth of private equity assets on the secondary market, the latest of a growing number of pension funds and endowments that are doing away with non-core private equity investments. >>>

12. LP Summary September, 2007 - Joining a growing number of pension funds and endowments doing away with non-core private equity investments, the Virginia Retirement System is selling north of $300 million worth of private equity assets on the secondary market. Coller Capital, Lexington Partners and Harbourvest Partners are all said to be looking at some of the larger pieces of the portfolio . . . Goldman Sachs & Co. has closed its latest global diversified fund of funds at $1.8 billion, slightly larger than the $1.5 billion that the group raised in 2006 for its prior global offering . . . The Washington State Investment Board has committed to invest about $1.525 billion in four funds, including up to $750 million in Warburg Pincus Private Equity Fund X LP and up to $700 million in KKR European Fund III LP . . . Despite recent turnover in its upper ranks, WestLB Mellon Asset Management has managed to round up $101 million in a first closing of its newest fund of funds. >>>

13. Pantheon Ventures Recruits Rudy Scarpa For New York Office September, 2007 - Fund-of-funds and secondary buyout shop Pantheon Ventures Ltd. has added Rudy Scarpa team as a partner. Scarpa will be responsible for establishing Pantheon's presence in New York, where the firm is opening its second office in the United States. His focus will be on deal origination, structuring and transactions. >>>

14. Private Equity Loses Gloss, Secondary Buyers To Gain September, 2007 - Private equity buyers after secondhand assets look set to benefit from an inevitable slowdown in the buyout market. Secondary specialists buy stakes in private equity funds from existing investors, or limited partners, who want to readjust their portfolios or are otherwise looking to get out of a fund early. >>>

15. Pomona Tests Investors' Interest In $1B Secondary Fund July, 2007 - Joining a string of secondary investors coming back to market with large funds, Pomona Capital, a New York and London-based secondary private equity firm, is testing investors' interest for its next secondary vehicle. >>>

16. INDUSTRY DATA: LPs Still Bullish On PE; Generalist Funds Draw Less Interest July, 2007 - Limited partners continue to be positive about alternative assets in general and the private equity asset class in particular, although they have some concerns about funds of funds and generalist funds, Coller Capital's latest barometer shows. >>>

17. LBO Funds Raised A Ton In 1H, But Distressed Firms Are Circling July, 2007 - For the first time in a long time, mega buyouts aren't the only fund-raising game in town. Certainly, buyout funds in general, and the biggest funds in particular, continued to be wildly popular as the U.S. fund-raising market set a first-half record of $137.2 billion, more than half of the way to last year's full-year record, which our updated numbers show now stands at $260.8 billion. Of the total, LBO and corporate finance shops accounted for $107.6 billion, or 78%. >>>

18. Coller Just Does One Thing, But It Does It Well June, 2007 - Secondary firms are raising more money than ever before, leading some to question how they're possibly going to be able to invest all of it. But Coller Capital, which recently closed its - and the industry's - largest fund with $4.5 billion, believes it has already answered these questions. >>>

19. New Investors Join Forbion Capital Fund I May, 2007 - Forbion Capital Partners said it has completed the syndication of part of secondary firm Coller Capital's stake in Forbion Capital Fund I. Coller Capital, which had been the largest investor in the fund with a 75% holding, has syndicated an undisclosed part of its position to seven new limited partners including: HarbourVest Partners; Partners Group; Hamilton Lane; Pomona Capital; Van Herk Investments; Von Braun & Schreiber Private Equity Partners; and Indofin Group, according to a Forbion press release. >>>

20. The Roundup May, 2007 - Buyouts American Industrial Partners, New York, is raising $400 million for American Industrial Partners Capital Fund IV LP, which it plans to wrap up by January. The hard cap on the fund is $600 million. American Industrial's previous fund, Fund III, had an $850 million target, but managed to raise only $238 million in 2000, a difficult year for fund-raising. So far, the new fund appears to be doing better, as several recent successful exits helped it raise $75 million in a first close in late January. Limited partners thus far are primarily institutional investors. The firm will continue to target industrial companies with annual earnings before interest, taxes, depreciation and amortization of $10 million to $70 million. Reach American Industrial Partners at 212-627-2360.


  • Founded in 1989 (one of the oldest firms in the market)
  • ~50 employees in US and UK
  • Currently a top 5 firm by assets under management and top 10 firm by size of current fund
  • Article headlines from Private Equity Insider and Private Equity Analyst

Score Date Title/Summary Word Count

77% 3/26/08 No Newbie Treatment for Newbury Secondary-market shop Newbury Partners concluded capital-raising efforts for its... 286

77% 3/12/08 Ex-Carlyle Asia Team Seeks Sizeable Haul An Asia-focused team that launched its first private equity fund after breaking away... 271

85% 1/16/08 Secondary Shift Spawns Landmark Sidecar Landmark Partners' latest secondary-market vehicle comes with a twist: a separate... 599

80% 8/22/07 Saenger's Startup Plans Equity Vehicle A buyout firm set up last year by former Bank One portfolio manager Chris Saenger... 135

80% 6/20/07 Pacific Life Stepping Up Investment Pace Pacific Life will soon increase its private equity investment pace, possibly doubling... 245

77% 3/28/07 Advisor Upping Private Equity Piece Investure, which invests on behalf of not-for-profit institutions, is raising capital... 270

77% 3/7/07 Fund-Raising Breather for Secondaries Pantheon Ventures has finished lining up $2 billion for its latest secondary-market... 407

84% 1/17/07 2 Conn. Firms Win Nationwide Assets Landmark Partners and Portfolio Advisors have emerged as the winners of an auction... 221

77% 12/8/06 AXA Taking Aim at Secondary-Market Elite AXA Private Equity is working to raise up to $3.5 billion for a new secondary-market... 368

77% 9/22/06 New Secondary Shop Aims for Niche A new player has emerged in the secondary market for shares in real estate funds.... 239

77% 9/15/06 Auda Raided by Ex-Secondary-Market Chief The former head of secondary-market activities at Auda Advisors has enlisted the... 543

77% 8/4/06 Auda Secondary Chief Breaking Off Richard Lichter has resigned as head of secondary-market investing at Auda Advisors... 154

88% 6/2/06 Ex-Bank Exec, Landmark Settle Suit A former Bank One portfolio manager has settled his lawsuit alleging that Landmark... 453

88% 5/26/06 Manager of Union Fund Leaving Landmark Patrick Flanagan, who heads a fund group at secondary-investment player Landmark... 367

77% 5/12/06 Liquid Vehicle Gets Right to Work Liquid Realty Partners, which buys shares of real estate funds from other investors,... 147

80% 3/3/06 Sandler Under the Gun to Raise Money Sandler Capital Management, a New York firm that invests in communication companies,... 296

80% 1/13/06 THE GRAPEVINE Ian H. Charles, a Cogent Partners staffer who left in September, has joined fund... 77 85% 12/9/05 Landmark Reloads After Big Deal Landmark Partners is close to wrapping up a fund-raising campaign that will leave... 310

80% 11/18/05 THE GRAPEVINE Elsewhere in the secondary market, Lexington Partners told attendees at its annual... 94

80% 10/21/05 THE GRAPEVINE Madison Harbor Capital has hired a managing director to coordinate sales and marketing... 78 Next 20 >>


query: "landmark partners" matched 13 document(s):

1 - 13 | news search

1. Nexxus Capital Reins In $119M For Fund III November, 2007 - Nexxus Capital, a Mexico City-based private equity firm, has reined in more than $119 million for its third buyout fund, en route to a $250 million target. >>>

2. The Roundup November, 2007 - Buyouts AIG Highstar Capital, New York, closes AIG Highstar Capital III LP at $3.5 billion, crushing its $2 billion cover amount and also beating an initial $3 billion hard cap. The general partner received consent from existing investors in its latest infrastructure fund to raise an additional $500 million due to demand among existing limited partners and investors, according to a person familiar with the firm. The fund, which held a $2.1 billion first closing in June, is significantly larger than its $800 million predecessor, which closed in June 2005. One known investor in the fund is San Bernardino County Employees' Retirement Association. The firm is sponsored by parent American International Group Inc. Reach AIG Highstar Capital at 212-770-7000. >>>

3. Ohio Police & Fire Pension Allocates $10M To Primus Capital VI October, 2007 - The Ohio Police & Fire Pension Fund has decided to commit $10 million to Primus Capital Fund VI LP, a follow-on investment. Cleveland-based Primus Capital Funds is out on the marketing trail seeking commitments of $250 million, but not to exceed $300 million, for Fund VI, LBO Wire previously reported. >>>

4. American Capital Closes 2nd PE Fund At $585M October, 2007 - Publicly-traded American Capital Strategies Ltd. has closed its second private equity fund in its asset management business with $585 million in commitments. >>>

5. Newbury Partners Gathering Steam With Debut Secondary Fund July, 2007 - Newbury Partners LLC, the secondary firm formed last year after the departure of Auda Private Equity LLC's entire secondary team, has raised $500 million for its debut fund so far, paving the way to meet its $750 million target. >>>

6. Verdane Capital Closes Sixth Fund with $150M May, 2007 - Nordic venture capital firm Verdane Capital, formerly known as Four Seasons Venture, has held a second and final close of its Verdane Capital VI fund, hitting a hard cap of EUR110 million ($150 million). >>>

7. Edison Venture Closes Fund Six At $258M April, 2007 - Edison Venture Fund said it has closed its sixth fund at $258 million, exceeding a $200 million target. Edison Venture Fund VI LP is considerably larger than its $142 million predecessor, which received money from the now-canceled SBIC Participating Securities Program. Limited Partners include BlackRock, Colorado Public Employees' Retirement Association, HarbourVest Partners LLC, Landmark Partners, Lehman Brothers, Lincoln Financial Group, Metropolitan Life Insurance Co., New York State & Local Retirement System and New Jersey Investment Council. >>>

8. the roundup March, 2007 - Buyout American Securities Capital Partners, New York, starts talking to investors about its fifth buyout fund, which will have a target of between $1 billion and $1.5 billion, people familiar with the matter said. The firm raised its previous fund, American Securities Partners IV LP, in 2004, gathering $1 billion in commitments from wealthy individuals, endowments and other institutions. The firm plans to stick to its existing strategy of investing in middle-market companies with $100 million to $500 million in enterprise value, slightly up from its previous fund's mandate. The firm also recently opened an office in Shanghai. Reach American Securities Capital at 212-476-8028. >>>

9. Landmark Closes Latest Secondary Fund Near $1.2B Mark February, 2007 - Landmark Partners Inc., one of the oldest buyers of secondary interests in the U.S., has closed on its most recent secondary vehicle just short of $1.2 billion. >>>

10. PE Firms And Unions, Long At Odds, Are Negotiating A Better Contract February, 2007 - Taft-Hartley pension plans, long suspicious of private equity and its job-cutting reputation, have never been the biggest fans of the asset class. The feeling is mutual, as many buyout firms consider unions obstructionists. But lately, the parties have been coming to terms. >>>

11. Triago To Open Dubai Office, Prepares For Boom In Secondaries November, 2006 - After temporarily shelving plans to list on Euronext, citing "unsuitable market conditions," secondary private equity advisory firm Triago Group is opening an office in Dubai, a growing source of business for both its placement arm and secondary advisory group. >>>

12. European VCs Beg For Scraps As LBO Firms Enjoy Fund-Raising Feast August, 2006 - The European private equity market showed continued strength in the first half of 2006, with 63 funds raising a total of $43 billion, up 12% from this time last year. >>>

13. Probitas Beefs Up Secondary Sales Advisory Ops June, 2006 - Placement agency Probitas Partners has hired Christopher Mayo from Aperture Ventures as a vice president in its liquidity management team, betting that secondary funds will look for more assets to buy. >>>