NEP Adds Operating Partner

NEP Adds Operating Partner

Norwest Equity Partners (NEP) has expanded its executive team with the addition of Tony Armand as an operating partner. Mr. Armand has had a past relationship with NEP during his career. Beginning in May 2010 he was the CEO of NEP portfolio company Shock Doctor Sports, a provider of protective and performance sports equipment, which […]

Elan Growth Launched in California

Elan Growth Launched in California

Craig Dupper has formed a new private equity firm, Elan Growth Partners, to invest in lower middle market companies based in Southern California. Elan Growth will invest from $5 million to $25 million of equity per transaction in lower middle market companies that have from $1 million to $6 million of EBITDA. Sectors of interest […]

CVF Closes Third Fund

CVF Closes Third Fund

CVF Capital Partners has held a final closing of its latest mezzanine fund, The Central Valley Fund III (SBIC) LP, with $200 million of committed capital. The new fund will provide junior capital (subordinated debt and preferred equity) of $3 million to $15 million to companies with at least $10 million in revenue and $2 […]

Huron Closes New Flex Fund

Huron Closes New Flex Fund

Huron Capital has closed The Huron Flex Equity Fund LP (Flex Fund) with $142 million of total capital commitments. The new fund, the sixth investment vehicle raised by Huron Capital since 1999, surpassed its initial target of $100 million after only seven months in the market. The Flex Fund will make non-control investments of $5 […]

Monroe Backs Frontenac’s Buy

Monroe Backs Frontenac’s Buy

Monroe Capital was the sole lead arranger and administrative agent on the funding of a senior credit facility to support Frontenac’s acquisition of TPC Training and its sister company JADE Learning from Renovus Capital Partners. TPC Training is a provider of maintenance, repair, and operator skills training. The company has more than 300 industrial skills […]

Atlas Closes Fund III at Hard Cap

Atlas Closes Fund III at Hard Cap

Atlas Holdings has held a first and final close of its third private equity investment fund, Atlas Capital Resources III LP. Atlas began fundraising in January 2018 and the new fund closed at its hard cap of $1.675 billion. Atlas makes control investments in companies experiencing financial or operational stress. Atlas has been an active […]

New Partner at Guardian Capital

New Partner at Guardian Capital

Guardian Capital Partners has promoted Adrian Ironside to Partner. Mr. Ironside is active with a range of investment activities at Guardian including transaction sourcing, due diligence, transaction modeling, negotiating and structuring, portfolio company monitoring and managing exit strategies. Mr. Ironside joined Guardian in 2008 as a senior associate and has participated in dozens of transactions […]

Merit Closes Fund VI

Merit Closes Fund VI

Merit Capital Partners has held an above-target close of its sixth fund at $536 million. Fund VI exceeded Merit’s target of $500 million and generated support from both existing limited partners from prior funds, as well as several new investors. Merit received commitments from a variety of limited partners, including insurance companies, pension funds, university […]

Kian Builds Team

Kian Builds Team

Kian Capital, a provider of equity capital and subordinated debt, has added David Duke and David Hare to its investment team. “We are excited to welcome two quality additions to the Kian team. David Duke and David Hare will play key roles in supporting our continued growth as we begin investing our recently closed second […]

Monroe Hires Originations MD

Monroe Hires Originations MD

Monroe Capital has added Karin Kovacic to the firm’s originations team as Managing Director, East Coast Region. Ms. Kovacic will be based in Monroe’s New York office. Prior to joining Monroe, Ms. Kovacic was a Senior Vice President at Alcentra Capital where she focused on business development and deal origination. Before Alcentra, she led CBIZ’s […]