Ken MacFadyen

Berkshire Partners and Weston Presidio have continued their run into the party space, acquiring Party City in a $360m take-private transaction.

Former WestAM Private Equity Group head Donald Phillips has launched a new funds-of-funds group, WP Global Partners, which has already launched three FoFs and could soon be in the market with three more.

The managers of Tailwind Capital have informed limited partners that the group intends to split from Thomas Weisel, ending a sometimes rocky relationship with the San Francisco financial services group.

Paul Capital’s third Top Tier venture fund has gotten larger while most VCs get smaller.

General Atlantic has won the auction for a 10 percent slice in the Nymex, as the offer from Blackstone Group and Battery Ventures falls short.

John Troiano, a former partner of Canada’s Onex Corporation, has launched a new firm, The Beekman Group, to target the small middle market.

Roy Disney’s Shamrock Holdings investment arm has been active fundraising, having closed on $104m for an LA-focused real estate fund and seeking as much as $150m for an Israeli growth capital vehicle.

OCM/GFI Power Opportunities Fund II is more than double its predecessor.

Halifax booked a four-times equity return on its investment in Soil Safe.

Joseph Bae will spearhead Kohlberg Kravis Roberts’ newly announced Hong Kong and Tokyo offices as the firm plans to invest across emerging and developed Asia.