The Halifax Group Closes Third Buyout Fund Above Target

The Halifax Group Closes Third Buyout Fund Above Target

The Halifax Group has held a final close of its third buyout fund, Halifax Capital Partners III, L.P., with commitments of $393 million exceeding its target of $350 million. With this close the firm now has total committed capital under management of approximately $1 billion. Halifax’s previous fund was $305 million and closed in 2006. […]

TPG Credit Management Closes Latest Fund Above Target

TPG Credit Management Closes Latest Fund Above Target

TPG Credit Management has closed its latest fund, TPG Credit Strategies Fund II (“TCS II”), at $997 million fund exceeding its target of $800 million. TCS II plans to invest in a diversified portfolio of primarily distressed assets with some exposure to asset rich distressed corporate credit. Its main focus areas will be within aviation, […]

Victory Park Capital Receives SBIC License

Victory Park Capital Receives SBIC License

Victory Park Capital has received final agency committee approval by the U.S. Small Business Administration for its license as a Small Business Investment Company (SBIC). This license allows VPC to borrow flexible capital from the SBA with which to invest in conjunction with its own equity. “The SBIC license enables us to make investments in […]

Roark Capital Group Closes on $1.5 Billion for Fund 3

Roark Capital Group Closes on $1.5 Billion for Fund 3

Roark Capital Group has held a closing of its third private equity fund, Roark Capital Partners III LP (“RCP III”), with capital commitments of $1.5 billion. Roark’s prior fund, Roark Capital Partners II LP, is a $1 billion partnership that commenced in 2008. With the closing of RCP III, Roark now has approximately $3 billion […]

Bedford Funding Raises New $1 Billion Fund

Bedford Funding Raises New $1 Billion Fund

Bedford Funding, a private equity firm specializing in information technology investment opportunities in the Human Capital Management and Healthcare IT markets, has raised $1 billion for its second fund, Bedford Funding II. “The fragmented and rapidly consolidating IT marketplace continues to offer attractive special situation opportunities, and, we believe, our investment strategy and longer-term operating […]

Trivest Closes Fifth Private Equity Fund Above Target

Trivest Closes Fifth Private Equity Fund Above Target

Trivest Partners has held a final closing of Trivest Fund V with $415 million of total equity capital commitments, $90 million above its original target of $325 million. Fund V will continue to execute Trivest’s strategy of acquiring growing and profitable founder or family-owned businesses in North America with a preference for companies located in […]

Harvest Partners Has Final Close at $1.1 Billion

Harvest Partners Has Final Close at $1.1 Billion

Harvest Partners has held a final closing on its latest fund, Harvest Partners VI, L.P., at $1.1 billion. Harvest’s previous fund, Harvest Partners V, L.P., closed in 2007 at $816 million. HP VI will continue the firm’s 31 year history of partnering with management teams to invest in North American companies in the business and […]

Behrman Capital Forms New Investment Partnership to Address Diverse Investor Interests

Behrman Capital Forms New Investment Partnership to Address Diverse Investor Interests

Behrman Capital has announced the formation of Behrman Capital PEP L.P. (“PEP”), a $1 billion, six-year investment partnership that was formed primarily to acquire the five remaining portfolio companies in Behrman Capital III (“Fund III”). The transaction provided immediate and full liquidity to all of the 2000-vintage fund’s limited partners. At the same time, PEP […]

Intervale Capital Closes Second Fund at $376 Million

Intervale Capital Closes Second Fund at $376 Million

Intervale Capital has held a final closing of its second fund with capital commitments of $376 million, exceeding its target of $325 million and investor demand for the fund exceeded the $350 million cap on limited partner commitments. Fund II will employ the same approach as the firm’s first fund: executing privately negotiated, control investments in […]

Gridiron Capital Beats Target, Closes Fund 2 at $425 Million

Gridiron Capital Beats Target, Closes Fund 2 at $425 Million

Gridiron Capital has held a final close of its second fund, Gridiron Capital Fund II, LP (“GCF II”) with $425 million in total capital commitments, $25 million above its original target of $400 million. GCF II raised capital in Europe, North America and Asia with a cross section of limited partners, including endowments and foundations, […]