Turnout Capital, a new lower middle-market private equity firm, has been formed to invest junior capital in small, growing businesses across a range of sectors. Turnout makes both control and non-control investments of subordinated debt and equity in North American-based companies with $5 million to $50 million of annual revenue and at least $1 million […]
Ampersand Capital Partners has closed its oversubscribed $670 million Ampersand Continuation Fund LP and other related vehicles (together ACF). Ampersand formed ACF to acquire the equity interests of three portfolio companies – highlighted by Confluent Medical Technologies – that were held by earlier and now mature Ampersand funds. As part of ACF’s fundraising, Ampersand provided […]
Transactions completed in the third quarter of 2020 suggest a market stunned by the pandemic, but with a cat-like capacity to land on its feet. GF Data’s 228 active private equity contributors completed 50 transactions in the quarter meeting the data tracking firm’s parameters – Total Enterprise Value (TEV) of $10 million to $250 million […]
TELEO Capital Management has held and oversubscribed hard cap closing of its inaugural fund, TELEO Capital LP, with $250 million of capital. The firm’s first fund received capital from a range of institutional limited partners including endowments, insurance companies, pension funds, fund of funds and family offices. “We are honored to welcome such high-caliber institutional […]
Thomas H. Lee Partners (THL) has closed THL Automation Fund LP with $900 million of capital. The new fund invests in partnership with the THL’s flagship funds in companies that provide automation products, software or services, or use technology to improve productivity in business processes. Specific targets within automation include software and artificial intelligence, robotics, […]
KKR has partnered with medical device executive Duke Rohlen to form Zeus Health to invest in medical device companies. The formation of Zeus, with $100 million of capital, continues a long-standing relationship between KKR and Mr. Rohlen. In March 2016, KKR invested in Spirox, a California-based ears, nose, and throat (ENT) device company, led by […]
Lincoln International has released the results of its third-quarter middle-market index (Lincoln MMI) which tracks changes in the enterprise values of US-based privately-held middle-market companies—primarily those owned by private equity firms. Lincoln’s new report is based on its database of over 2,200 private equity portfolio companies with median EBITDA of approximately $30 million and shows […]
HKW has hired Rick Ammar as a vice president to assist the firm with its expanding technology efforts. Mr. Ammar is based in HKW’s New York office. Mr. Ammar’s responsibilities at HKW include sourcing new investments, evaluating new investment opportunities, performing underwriting and due diligence, and executing platform and add-on transactions. “Rick’s track record of […]
CIVC Partners has closed its sixth fund, CIVC Partners Fund VI LP, with $525 million of limited partner capital commitments. The new fund had an original target of $450 million and also closed above its original hard cap. Fund VI was backed by both existing and new investors, including insurance companies, fund of funds, pension […]
Carousel Capital has held a first, final, and hard cap closing of its sixth buyout fund, Carousel Capital Partners VI LP, with $700 million of capital. Carousel completed the raising of Fund VI in just over two months. Carousel’s new fund received support from its existing investors and several new institutional investors. Carousel invests in […]
