IMB Partners, a lower middle-market private equity firm, has named two new managing directors with the promotions of Farrah Holder and Derrick Weatherspoon. “I would like to congratulate Farrah and Derrick on their contributions and
New Harbor Capital has closed its third private equity fund, New Harbor Capital Fund III LP (Fund III), with $362 million in capital commitments. The firm’s new fund was oversubscribed and closed at its hard
Kingswood Capital Management has held an oversubscribed and hard cap close of Kingswood Capital Opportunities Fund I LP with $230 million of capital. Limited partners in the new fund include public pension funds, insurance companies,
Arcline Investment Management has closed its second fund, Arcline Capital Partners II LP, with total capital commitments of $2.75 billion. Arcline closed its first fund with $1.5 billion of committed capital in March 2019. Arcline
Charlesbank Capital Partners has held a final closing of its newest flagship fund, Charlesbank Equity Fund X LP, at its hard cap with $3.75 billion of capital. Fundraising for the new fund was launch just
Arbor Investments has closed its fifth fund, Arbor Investments V LP (Arbor V), with $1.5 billion of outside capital commitments. The firm has also closed its second captive subordinated debt fund, Arbor Debt Opportunities Fund
Cascadia Capital has formed a new investment banking practice dedicated to the robotics, automation, and artificial intelligence (RAAI) sectors. Cascadia’s RAAI practice has been formed in response to the Fourth Industrial Revolution – commonly referred
HarbourVest Partners has held an oversubscribed and hard cap close of its latest secondaries fund, Dover Street X LP (Dover X), with $8.1 billion of capital commitments. The hard cap close of Dover X follows
Long Ridge Equity Partners has held an oversubscribed, hard cap, and final closing of Long Ridge Equity Partners III LP with $445 million of capital commitments. Limited partners in the new fund committed $400 million
Plexus Capital has held a final above target close of Plexus Fund V LP with $502 million of capital. Like its earlier funds, Fund V will invest up to $40 million in profitable US-based companies
Sweetwater Investment Management has held a hard cap, oversubscribed, and final close of its debut multi-client fund, Sweetwater Secondaries Fund II LP, with $350 million of capital. Sweetwater’s new fund invests in buyer-led secondary opportunities.
Despite the ongoing economic uncertainty from the pandemic, many private equity professionals are optimistic about the outlook for 2021 and are looking to alternative merger and acquisition methods to navigate the crisis and pursue new
Tree Line Capital Partners and CVC Credit Partners have provided an increase to their existing credit facility to Ingenio, a portfolio company of Alpine Investors. With the new increase, used to support an add-on acquisition
H.I.G. Capital has held an above-target close of H.I.G. Capital Partners VI LP with aggregate capital commitments of $1.3 billion. Like its five prior funds, Fund VI will invest in lower middle-market companies, primarily in
KKR has released a new report titled “The New Normal” which explores the long-term implications of COVID-19 on cities and consumer trends. “Following a decade of relative prosperity, overlapping calamities in 2020 have brought economic
Blue Sage Capital has held a final, oversubscribed, and above target closing of its third fund, Blue Sage Capital III LP, with capital of $300 million. Blue Sage’s earlier fund closed in December 2012 with
Brown Gibbons Lang & Company (BGL) has hired Heather Mosbacher Reiner as a managing director in the firm’s financial sponsor coverage group. Ms. Reiner will be based in New York City. Ms. Reiner has more
Houlihan Lokey (HL) has hired Richard Hoh as a managing director in its industrials group. Mr. Hoh will be part of the firm’s industrial technology subsector team, focusing primarily on electronic components as well as
The Stephens Group has promoted Rob Dickinson and Jens Talbert to Senior Associate. “We are pleased to recognize Jens’ and Rob’s hard work and efforts with promotions,” said Witt Stephens, Chairman and CEO of The
Compass Diversified has hired Katie Melzer as a managing director and head of business development. Prior to joining Compass Diversified (CODI), Ms. Melzer spent more than 15 years at Robert W. Baird, most recently serving
