Investcorp has sold its portfolio company IPH Group, a distributor of industrial supplies, to PAI Partners, a Paris-based European private equity firm in a transaction that generated in excess of €210 million of realization proceeds for Investcorp and its clients. Investcorp first invested in the IPH Group in 2006 and during the term of its […]
Archives for March 5, 2013
Kayne Anderson Completes Fundraise for Senior Fund
Kayne Anderson Capital Advisors has completed fundraising for Kayne Senior Credit Fund, L.P. (“KSCF”) at $350 million. KSCF is the newest addition to Kayne’s Middle Market Credit Platform which focuses on providing debt capital for traditional middle market companies. The KSCF team is based in Chicago and is led by Al Ricchio, Andy Marek, Ken […]
H.I.G. Capital Hits Hard Cap of Fund 5
H.I.G. Capital has closed H.I.G. Capital Partners V at its $1 billion hard cap. The fund will continue the strategy of H.I.G. Capital’s four predecessor funds, focusing on private equity, buyout and equity-related investments in lower middle-market companies primarily in the United States. “We are very happy with how quickly we were able to raise […]
Steve Judge Explains Why Carried Interest Is a Capital Gain
Steve Judge, the president and chief executive of the Private Equity Growth Capital Council, has written a new article for The New York Times, “Why Carried Interest Is a Capital Gain”. A link to the entire article is available below. Here’s an excerpt: “’In order to understand why carried interest is a capital gain, we […]
CPPIB Completes $606 Million Secondaries Transaction
Canada Pension Plan Investment Board (CPPIB) has completed a secondary transaction to acquire a portfolio of food assets through a special purpose vehicle from the HM Capital Sector Performance Fund and related co-investors for $468 million. CPPIB will also commit $138 million to a newly-formed private equity fund, Kainos Capital Partners. The Food and Consumer […]
