H.I.G. Capital has expanded its leadership team with the promotion of Rick Rosen and Brian Schwartz to Co-President, a newly created title. Messrs. Rosen and Schwartz currently manage the H.I.G. U.S. Middle Market Fund and the H.I.G. Advantage Fund, respectively, and will work closely with Sami Mnaymneh and Tony Tamer, founders and co-CEOs of H.I.G., […]
Revelstoke Capital Partners has held a final closing of Revelstoke Capital Partners Fund II LP (RCP Fund II) and Revelstoke Single Asset Fund I LP (RSAF I). RCP Fund II, which had an original target of $500 million, was oversubscribed and closed at its hard cap with $714 million of commitments. RSAF I is a […]
Dyal Capital Partners, a division of Neuberger Berman, has held a final closing of Dyal Capital Partners IV LP (Fund IV) with over $9 billion of committed capital. The new fund increased its target by more than $3.5 billion during its marketing period and was heavily oversubscribed at its final close on October 31, 2019. […]
Raymond James has added Edward Lee as a managing director to the firm’s financial sponsors investment banking practice. Mr. Lee will be based in New York City and will be active covering private equity relationships. Mr. Lee joins Raymond James from Credit Suisse’s financial sponsors group. Earlier in his career, he was with the leveraged […]
Generally favorable market conditions for private business sellers continued to prevail in the third quarter, according to GF Data’s just-released November report. “If this protracted sellers’ market were a song, it would be ‘Still the Same’,” said Andrew Greenberg, the CEO of GF Data. “If it were a movie, it would be ‘Frozen’ and if […]
Cortec Group has held a first and final closing of its seventh institutional private equity fund, Cortec Group Fund VII LP, at its hard cap of $2 billion. Cortec began raising Cortec VII in August 2019 with a $1.9 billion target. After slightly more than one month of investor due diligence meetings, the firm had […]
After just seven months of fundraising, ZMC has held a final close of ZMC III LP and ZMC III Parallel LP (together Fund III) with total capital commitments of $775 million. The new fund was substantially oversubscribed, exceeded its $650 million target, and closed at its hard cap. Both existing and new limited partners invested […]
H.I.G. Capital has held a final and above target close of H.I.G. Middle Market LBO Fund III LP with $3.1 billion of capital commitments. H.I.G.’s earlier mid-market fund, H.I.G. Middle Market LBO Fund II LP, closed at its hard cap of $1.75 billion in February 2014. As with its earlier mid-market funds, H.I.G. will continue […]
O2 Investment Partners has hired Tyler Crook as an associate on its investment team. In his new position, Mr. Crook will be responsible for evaluating new transactions, conducting due diligence, underwriting new investments, and working with O2’s portfolio companies. “We are excited to welcome Tyler to the O2 team,” said Todd Fink, a managing partner […]
HarbourVest has held a final, hard cap, and oversubscribed close of its fifth co-investment fund, HarbourVest Partners Co-Investment Fund V LP (Fund V), with $3 billion of commitments. The new fund has more than 100 limited partners from across Europe, the Middle East, North America, South America, and the Asia Pacific region. Its institutional investors […]
