Evolution Managers Capital (EMC), an investor in emerging private equity firms, has made its second fund investment to date by backing Greens Farms Capital. EMC was formed in October 2019 by Chicago-based HC Private Investments
According to Datasite, over the next five years new technologies, including artificial intelligence, will transform the mergers and acquisitions process by decreasing the time it takes to perform due diligence to less than a month
A recent survey by L.E.K. Consulting, conducted just before the economic dimension of the COVID-19 pandemic took hold, shows that nearly 50% of consumer packaged goods (CPG) brand owners expect to boost their spending on
Houlihan Lokey has agreed to acquire MVP Capital, an advisory firm specializing in the technology, media, and telecom (TMT) sector. MVP’s services include mergers and acquisitions advisory, capital raising, restructuring advisory, and valuations. The firm’s
Grant Thornton has named Carlos Ferreira as its national managing partner for private equity beginning on August 1, 2020. Mr. Ferreira retains his position as the global co-leader for transaction advisory services at Grant Thornton.
Ontario Teachers’ Pension Plan Board has named Karen Frank as its new senior managing director of equities. Beginning in Fall 2020, Ms. Frank will lead the group’s equities department and will report to Chief Investment
Rothschild & Co has added Colin Cropper to its advisory business as a managing director. Mr. Cropper joins from RBC Capital Markets and he will be based in New York. At Rothschild, Mr. Cropper will
FTV has closed its sixth and largest fund to date, FTV VI LP, at its hard cap of $1.2 billion. The firm’s earlier fund closed in September 2016 at its hard cap of $850 million.
PWP Growth Equity has completed its spin-out from Perella Weinberg. The new firm – now operating as GreyLion Capital – will continue to manage its two existing private equity funds with total capital commitments of
The Sterling Group has held an oversubscribed and hard cap close of its fifth fund, Sterling Group Partners V LP, with $2 billion of capital. The new fund was raised after just four months of
Osceola Capital has held a hard cap and above target close of its inaugural fund with an oversubscribed $125 million of capital. Limited partners in the new fund include public pension plans, financial institutions, a
Fulcrum Equity Partners has promoted Philip Lewis to partner. Mr. Lewis joined Fulcrum as an analyst in 2007. “We’re proud to announce Philip’s well-earned promotion to partner. Philip has grown tremendously both professionally and personally
TSG Consumer Partners (TSG) has promoted Erik Johnson and Ed Wong to managing director. Both Mr. Johnson and Mr. Wong are based in New York. “Erik and Ed have been an integral part of our
Last week, the Department of Labor provided an information letter to confirm that companies with 401(k) plans can now offer private equity options to their employees. Presently, 401(k) plan fiduciaries do not provide plan participants
Z Capital has added Timothy Chiodo to its investment team as a new managing director. Mr. Chiodo will be active sourcing and executing new transactions and portfolio company oversight. Prior to joining ZCG, Mr. Chiodo
Francisco Partners has held a final closing of three funds, two equity funds and one credit fund, with an aggregate $10 billion of capital. The three new funds are Francisco Partners VI LP with $7.45
Raymond James has added Andy Schwartz to its investment banking team as a managing director and co-head of its newly formed commercial and industrial services sector team. Mr. Schwartz has long been active in the
Angeles Equity Partners has added Mike Kay to its team as a new operating partner. Mr. Kay has experience across multiple industrial sectors, including automotive, aerospace and defense. Before joining Angeles Equity, Mr. Kay was
KKR has raised $4 billion in new capital to invest in credit opportunities created by the recent market volatility. The new capital includes $2.8 billion through its KKR Dislocation Opportunities Fund LP and just over
