Thompson Street Hits Hard Cap

Thompson Street Hits Hard Cap

Thompson Street Capital Partners has held a final closing of its fifth fund, Thompson Street Capital Partners V LP (TSCP V), at the hard cap of $1.15 billion. The new fund was oversubscribed and exceeded its original $850 million target. Limited partner commitments to TSCP V came from new and existing investors comprised of corporate […]

CIVC Hires Nick Canderan

CIVC Hires Nick Canderan

CIVC Partners has hired Nicholas Canderan as Director of Business Development. Mr. Canderan will lead CIVC’s origination, marketing and business development efforts focused on investment banks, brokers, executives, and other transaction sources. Mr. Canderan has more than eight years of sales and business development experience, most recently spending the past five years at Axial, a […]

Platinum Closes Lower Middle Market Fund

Platinum Closes Lower Middle Market Fund

Platinum Equity has held a first and final oversubscribed close of Platinum Equity Small Cap Fund LP, the firm’s inaugural fund to target investments in the lower middle market, at the hard cap of $1.5 billion. The new fund will focus exclusively on the North American and European lower middle market – defined by Platinum […]

Ironwood Closes Largest Fund

Ironwood Closes Largest Fund

Ironwood Capital has closed its latest fund, Ironwood Mezzanine Fund IV LP, above its $400 million target. Limited partners in the new fund include over 40 domestic insurance companies, banks and pension funds. Ironwood Capital provides non-control growth capital to middle market companies. Investments take the form of subordinated debt and preferred stock in amounts […]

AEI Closes Fund II at Hard Cap

AEI Closes Fund II at Hard Cap

AE Industrial Partners (AEI) has held a final closing of its second private equity fund, AE Industrial Partners Fund II LP, with $1.36 billion in commitments. The new fund exceeded its $1 billion target and was oversubscribed, reaching its hard cap. Fund II commitments came from a mix of institutional investors, including endowments, charitable foundations, […]

Cornell Closes Inaugural Fund

Cornell Closes Inaugural Fund

Cornell Capital has held a final closing of its inaugural private equity fund, Cornell Capital Partners LP, with total capital commitments of $1.325 billion. Cornell Capital was founded in 2013 by Henry Cornell, the former Vice Chairman of Goldman Sachs’ Merchant Banking Division, to invest in companies in the consumer, energy, financial and industrial sectors. […]

North Sky Hires Andrew Harris

North Sky Hires Andrew Harris

North Sky Capital has added Andrew Harris to its team as a Principal in its New York office. North Sky was founded in 2000 as the Piper Jaffray Private Capital Group and spun out as an independent firm in 2010. Today the firm is a direct and fund of funds investor in the renewable energy […]

Equality Asset Management Launched

Equality Asset Management Launched

A new private equity firm, Equality Asset Management, has been launched by Thomas Roberts, formerly a Managing Partner at Summit Partners. Equality Asset Management will make investments of $100 million to $300 million in growth equity and buyout transactions. Sectors of interest include durable technology, healthcare, and tech-enabled growth companies. The firm plans to implement […]

PPM Closes Co-Investment Fund

PPM Closes Co-Investment Fund

PPM America Capital Partners, the private equity arm of PPM America, has closed its seventh co-investment fund, PPM America Private Equity Fund VII LP, at $648 Million. PPM America Capital Partners (PACP) was formed in 2000 and today consists of 10 investment professionals led by President Bruce Gorchow. The team averages 21 years of investment […]

Cressey & Company Hits Hard Cap

Cressey & Company Hits Hard Cap

Cressey & Company has held a final hard cap closing of Cressey & Company Fund VI LP with $995 million of capital commitments and a related co-investment fund with $105 million of capital commitments. Fund VI launched in March 2018 with a target of $750 million and was almost immediately oversubscribed. Like earlier funds, Fund […]