Private Equity

Assets under management at Swiss private equity manager Adveq crested $7 billion in mid-January 2017, driven by a successful 2016 that included the closing of five new funds and the completion of twenty direct/co-investments globally.

Nominated to be Commerce Secretary in the incoming Trump Administration, distressed investing guru Wilbur Ross has pledged to sell his stake in his main private equity firm and resign from corporate boards in order to prevent potential conflicts of interest, but has said he will keep interests in mortgage lending and shipping.

JMC Capital Partners has raised $206 million in capital commitments for its second platform fund. 

Private equity company Lindsay Goldberg has brought former Keurig Green Mountain CEO Brian Kelley aboard as a partner responsible for leading the firm's investing efforts in global consumer products and services.

Constitution Capital Partners has raised $775 million in capital commitments for its fourth fund of funds/direct investment hybrid and related segregated mandates, easily exceeding its original target of $500 million. 

Technology-focused private equity firm Carrick Capital Partners has named enterprise software industry veteran Paul Zolfaghari as an operating executive. 

Regional private equity firm Gen Cap America has raised $250 million in capital commitments for its seventh lower middle-market buyout fund.

Axiom Asia Private Capital has raised more than $1 billion in capital commitments for its fourth fund, exceeding its target of $750 million.

Carousel Capital has raised $400 million in capital commitments for its fifth buyout fund, easily surpassing its $300 million target and closing at its hard cap.

Private equity manager Clayton, Dubilier & Rice (CD&R) has appointed Liam FitzGerald, former CEO of UDG Healthcare Plc, as an operating advisor.