Yukon Partners was the provider of mezzanine debt to back Industrial Opportunity Partners’ recent buy of Midwest Recycled and Coated Containerboard Mill (DBA Midwest Paper). Midwest Paper manufactures and distributes various grades of paper including recycled containerboard (medium and linerboard) for corrugated packaging, recycled bag products, and white paper for book publishing and printing/writing applications. […]
Stone Point Capital has held a final closing of its eighth private equity fund, Trident VIII LP, with $7 billion in total capital commitments. Trident VIII received strong support from Stone Point’s existing investors and received first-time commitments from several leading institutional investors. The general partner and its affiliated entities committed more than $350 million […]
Lexington Partners, one of the largest managers of secondary acquisition funds, has held a final close of Lexington Capital Partners IX LP and related investment vehicles (LCP IX) with a combined $14 billion of commitments. The new fund beat its $12 billion target and was markedly above both its eighth secondary fund which closed with […]
Abacus Finance Group was the administrative agent and lead arranger for $15 million in senior secured credit facilities to support the recapitalization of Specialty Appliances by Five Points Capital. Abacus also made an equity co-investment in Specialty Appliances. Specialty Appliances is a designer and manufacturer of more than 100 types of customized orthodontic appliances. The […]
Siguler Guff has held a final closing of its latest fund, Small Buyout Opportunities Fund IV LP (Fund IV), at the oversubscribed hard cap of just over $1.57 billion. Fundraising for the new fund began six months ago and exceeded its $1.25 billion target. More than 90% of the fund’s limited partners from its earlier […]
Grant Avenue Capital a healthcare-focused, middle-market private equity firm, has entered a strategic partnership with East Rock Capital and GCM Grosvenor. Grant Avenue Capital is a healthcare-focused, middle-market private equity firm that invests in companies with $5 million to $25 million of EBITDA. Transaction types include control buyouts, buy-and-builds, corporate carve-outs, joint-control partnership investments and […]
Twin Brook Capital Partners, the middle-market direct lending subsidiary of Angelo Gordon, today announced that it has committed over $3.3 billion to private equity sponsors in support of healthcare transactions, including over $1.3 billion last year alone. In 2019, Twin Brook closed 24 healthcare transactions across 14 subsectors, bringing the firm’s total number of healthcare […]
Varagon Capital Partners, a lender to middle-market companies, has entered into a new partnership agreement with Aflac Global Investments and has extended its existing partnership agreement with American International Group (AIG). Varagon was formed in June 2014, backed by AIG and certain partners and affiliates of Oak Hill Capital Management as a direct lender to […]
Platinum Equity has held a final close of Platinum Equity Capital Partners V LP with $10 billion in total capital commitments. The new fund, which had a target of $8 billion and a hard cap of $10 billion, was oversubscribed. Platinum Equity was founded by CEO Tom Gores in 1995 and was ranked in February […]
The Vistria Group has held a final hard cap closing of Vistria Fund III LP with $1.1 billion of capital commitments. Fund III was oversubscribed and beat its original target of $800 million. The capital for the new fund includes a $100 million commitment from Vistria’s principals and operating partners. Vistria’s third fund follows its […]
