Chris Witkowsky
Two executives left Prophet Equity Katie Oswald joined earlier this year from Gauge Capital Prophet raised its last fund in 2014 Crossplane Capital, a spinout from Prophet Equity, is in the market targeting its debut fund at $250 million, according to a person with knowledge of the firm. Crossplane, based in Dallas, makes control investments […]
Worked for KKR for 24 years Was launching his own firm Henry Kravis and George Roberts: “We are heartbroken.” Alex Navab, a former high ranking executive at KKR who had recently launched his own firm, spent some of his childhood on the run. Born in Isfahan, Iran, Navab fled the country with his family after […]
LPs are a conservative bunch. As much as they complain about the things they don’t like about GPs, they’re not big on change. And not much will prevent them from opening their wallets to the best performing managers. This is the case with a lot of issues in the PE world — fee structures, for […]
Bill is thorough scouring of how the industry operates Goes after carry, interest deductibility, even lenders Would make firms liable for employee pensions Don’t look now, but politicians are making private equity a political football as the U.S. moves into a presidential election year in 2020. Senator Elizabeth Warren of Massachusetts co-wrote a bill called […]
Firm launched fundraising in 2017 Focuses investments on the food sector Already deployed about half of debut fund Adam Waglay and Dustin Beck, co-founders of food-focused private equity firm Butterfly Equity, have been best friends for more than a decade. And so when it came to pitching limited partners on their debut fund, which just […]
Whitehorse and HarbourVest line up as buyers Sun is in market with its seventh fund Fund VI is generating net IRR of about 42 pct Sun Capital Partners is running a process on its sixth fund that would allow existing investors in the fund to cash out of their stakes, three sources told Buyouts. At […]
Firm was formed in 2013 Raised debut fund on $118 mln in 2014 Performance has been challenged Lariat Partners, launched in 2013 by former executives from KRG Capital and RedCloud Capital, is winding down operations, sources told Buyouts. Co-founder Jay Coughlon announced this week he is forming a new firm, Fruition Partners, with former Lariat […]
Willett Advisors manages wealth of Mike Bloomberg Allen worked at Soros since 2013 Soros family office spun out PE team last year Brian Allen, a managing director in private equity at Soros Fund Management, left and joined the family office of Mike Bloomberg in late June, Allen confirmed for Buyouts. It’s not clear why Allen […]
Court Square targets $3 bln for Fund IV Fund has two vehicles, one with fund-level credit and one without Capital-call subscription lines of credit have been on the rise Court Square Capital is offering investors in its new fund the choice to commit to a structure that uses a capital-call credit facility or one that […]
Navab was on holiday with his family Navab left KKR in 2017 Was set to launch debut fund with $3 bln target Alex Navab, a former KKR senior executive who recently embarked on launching his own firm, died unexpectedly Sunday, according to a statement from Navab Capital Partners. He was 53. Spokesman Alex Stanton declined […]