New Head of PE at Invesco

New Head of PE at Invesco

Publicly-traded Invesco (NYSE: IVZ) has expanded its Invesco Private Capital business by naming Carl Stanton as a Managing Partner and Head of Private Equity.  Mr. Stanton was previously a managing partner at Wellspring Capital Management. In his new role at Invesco, Mr. Stanton will broaden the scope of the firm’s existing private equity focus to […]

Bertram Promote Three

Bertram Promote Three

Bertram Capital has promoted Michelle Chao and Alex Goldscher to Vice President, and Soraya Hoberman to Associate. “The promotions recognize the significant contributions Michelle, Alex, and Soraya have made to our firm as we continue to grow in a challenging and competitive market,” said Jeff Drazan, Managing Partner. “Alex and Soraya have distinguished themselves as […]

Jason Urband Makes Partner

Jason Urband Makes Partner

Lariat Partners has promoted Jason Urband to Partner. Mr. Urband is active in evaluating new investments for Lariat particularly in the industrial services, consumer services and products, tech-enabled services, and packaging sectors. “Since joining Lariat in 2015, Jason has assumed increasing responsibilities and has demonstrated a strong ability to build value and work effectively with […]

“The Exciting Game Without Any Rules”

“The Exciting Game Without Any Rules”

Valuations on middle-market private M&A transactions continued their torrid upward surge in the fourth quarter, according to GF Data’s just released February report. The 201 private equity funds and other deal sponsors that are active contributors to GF Data® reported on 68 completed transactions in the quarter, with an average valuation mark of 8.1x. This […]

Bertram Hits Fund III Hard Cap

Bertram Hits Fund III Hard Cap

Bertram Capital has held a hard cap final closing of Bertram Growth Capital III LP and Bertram Growth Capital III-A LP (collectively Fund III) with a combined $500 million of capital commitments. Sixpoint Partners was the placement agent for this fundraise. Fund III received commitments from over 30 investors, including endowments, insurance companies, multi-manager funds, […]

The Return of the Megafunds

The Return of the Megafunds

McKinsey & Company has published its 2018 annual review of private markets that confirms global fundraising and assets under management (AUM) reached record highs in 2017, while managers once again faced mild difficulties to deploy capital, as deal count fell, multiples went up, and dry powder increased for its ninth consecutive year. The report, called […]

Huron Adds and Promotes

Huron Adds and Promotes

Detroit-based Huron Capital has hired Scott Hauncher as a new partner and promoted long-time employees James Mahoney and David Reynolds to Senior Partners. “We believe the addition of Scott and promotions of Jim and David reflect the strength of Huron Capital’s leadership and team, as well as our need for a deeper bench to lead […]

Silversmith Closes on $670 Million

Silversmith Closes on $670 Million

After just three months in the market, Silversmith Capital Partners has held a first and final closing of its second fund, Silversmith Capital Partners II LP (Fund II) at its target and hard cap of $670 million. The fund was significantly oversubscribed. Limited partners in the new fund include investors from Fund I – endowments, […]

Monroe Forms Independent Sponsor Vertical

Monroe Forms Independent Sponsor Vertical

Monroe Capital has established an independent sponsor finance vertical to focus on providing both debt and equity financing for acquisitions, mergers, business combinations and recapitalizations initiated by independent sponsors. In the last few years, Monroe has funded 12 transactions involving over $300 million of debt and equity capital to independent sponsors. The new group will […]

Comvest Closes Fourth Direct Lending Fund

Comvest Closes Fourth Direct Lending Fund

Comvest Credit Partners has held a final close of Comvest Capital IV LP and affiliated funds (Fund IV) with total equity commitments of $836 million, above the original target of $650 million. Together with leverage, total available capital is expected to exceed $1.2 billion. Comvest Credit Partners is the middle-market direct lending platform of private […]

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