Justin Mitchell
Why this is important: New family office brings on former Goldman Sachs exec from prominent local firm. Chaya Slain joined AdCap Management as chief investment officer this month, she confirmed for Buyouts. The Cleveland firm is run by Joel Adelman, who previously founded Advance Partners and then sold it to Paychex in 2015. Adelman started AdCap in April 2018, […]
Technology Crossover Ventures has a fresh pool of $3 billion for what it sees as a great opportunity to buy into tech-enabled consumer and business and enterprise technology companies, Nathan Sanders, COO and general partner, told Buyouts. TCV said on Jan. 31 that it closed its 10th fund and plans to begin investing it this quarter. […]
Focus Financial Partners is expected to go public later this month, just a year since it was sold to KKR and Stone Point Capital. Focus Financial is seen pricing its initial public offering on July 25, a source said. IPOs typically trade the following day. The New York company is expected to trade on Nasdaq […]
Co-investment and capital call facility disclosures will remain top of mind when it comes to private equity enforcement by the SEC, the regional director for the agency’s San Francisco office said Tuesday. The SEC’s Jina Choi, speaking at PartnerConnect West 2017, emphasized that the agency will maintain its independence under the Trump administration as it […]
Clearlake Capital Group has raised more than $530 million for its debut non-control structured debt and equity fund, a person familiar with the transaction said. A final close of Clearlake Opportunity Partners LP, which is oversubscribed, is expected this summer or fall, the source said. Clearlake had been seeking $500 million for the pool, Buyouts reported in March […]
Sentinel Capital and TriArtisan Capital Partners appear to be making a rather low, 25 percent equity contribution to their purchase of retstaurant chain TGI Fridays, a calculation shows.