Private Equity

Alternative asset management firms hired fundraising and distribution professionals at a record pace in the third quarter, according to data tracked by industry executive search company and corporate advisor Context Jensen.

Fresh of the close of a new $1.1 billion CMBS fund, global private equity giant KKR has named former CVC Capital Partners executive Iñaki Cobo Bachiller to lead the company’s healthcare franchise in Europe, Africa and the Middle East. 

Global private equity company General Atlantic has named ex-Longwood executive Dr. Michelle Dipp as a managing director and former Centers For Medicare & Medicaid Services Acting Administrator Andrew Slavitt as a special advisor. 

Momentum in private capital secondaries activity continued in the third quarter, according to new research from Preqin, as six funds raised $5.4 billion to put 2017 well ahead of last year’s pace and on track to break 2016’s record fundraising total.

Global alternative investment giant KKR has raised $1.1 billion in capital commitments for a new credit fund aimed at investing in junior tranches of commercial mortgage-backed securities as an eligible third-party purchaser.

Global fund services and administration specialist Crestbridge has strengthened its senior executive team in Luxembourg with the addition of former Aztec executive Anke Jager and the promotion of Ludivine Nicolai to director. 

Fresh off the September closing of its $6.9 billion acquisition of U.S. office supplies chain Staples, retail-focused private equity company Sycamore Partners is reportedly raising up to $4 billion in capital commitments for its third fund.

Buyouts backed by private equity firms maintained momentum in the third quarter, according to new data from Preqin, as a spike in Asian activity offset declines in North America and Europe.

Buyouts backed by private equity firms maintained momentum in the third quarter, according to new data from Preqin, as a spike in Asian activity offset declines in North America and Europe.

San Francisco-based private equity company Gryphon Investors has named veteran Fortune 500 senior executive Wes Lucas as a partner in the firm's operations resources group, bringing the total number of partners at Gryphon to twelve.