Reuters Buyouts

Buyout Firms Make Up For Lost Time 4 October, 2010
Buyout firms eager to deploy capital continued to steadily increase their acquisition pace in the third quarter as debt financing remained stable.
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Top Stories

Firms Earn 4.5x On Restaurant Sale 12 October, 2010
Insurer's Investment Arm Has $450M To Pledge 11 October, 2010
NY Shop Eyes Return To Insurance Industry 7 October, 2010
NY Shop Seeks $500-$600M For Fund V 5 October, 2010
New Jersey May Up PE Allocation 4 October, 2010

U.S.-based buyout and mezzanine shops have secured $55.87 billion so far this year. The figure is higher than the $48.9 billion obtained by the same time last year, when fundraising crawled. The fundraising total for the latest period includes $6.36 billion from mezzanine funds, which secured only $784.4 million during the comparable period in 2009.read more

News & Analysis

Recaps Rebound After Credit Collapse 4 October, 2010
Dividend recapitalizations were on track to top $5 billion in the third quarter, the first time that has occurred in more than three years, according to Thomson Reuters LPC, a sister publisher to Buyouts.

LPs

Pa. Pledges Over $60M To Several Strategies 4 October, 2010
The Pennsylvania State Employees’ Retirement System recently pledged a total of $62 million to four private equity firms for distressed, buyout and Asian investments, even though the limited partner’s actual allocation to private equity is above its target allocation to the asset class.

Firms & Funds

New Energy Fund Nabs Over $1B So Far 4 October, 2010
TCW Energy Partners LLC, run by the TCW Energy & Infrastructure Group, has raised $1.2 billion so far for its latest fund, TCW Energy Fund XV, which has a $2.5 billion target and $3.5 billion hard cap, according to a source familiar with the situation. The firm launched the fund early in 2010.

Guest Article

The Mother Of All Tax Compliance Headaches 4 October, 2010
Foreigners will soon find investing in the United States much less attractive.