Ken MacFadyen
Los Angeles-based Paladin Private Equity Partners has launched its debut clean-technology fund. CalPERS, with a $40m commitment, is the cornerstone LP in the new vehicle.
Sentinel Capital Partners has scored a roughly 4x return through the sale of Alemite, a Fort Mill, South Carolina-based industrial lubrication company.
Draper Fisher Jurvetson’s clean-energy affiliate fund, DFJ Element, has held an interim close, with backing coming from CalPERS and Swiss Re, among others.
InterMedia Advisors, the private equity partnership established by long-time media executive Leo Hindery Jr., has held an interim close on its inaugural fund, a $1.5bn targeted vehicle.
The Carlyle Group has taken over a control stake in call-centre services provider Hispanic Teleservices. The deal is the firm’s first since news broke late last year that the firm was raising its debut Carlyle Mexico Partners fund.
Sun Capital’s turnaround of Musicland has hit a stumbling block, following news that the music and video retailer filed for bankruptcy protection.
Tailwind Capital has completed its spinout from investment bank Thomas Weisel, and with the split has brought on board Soros veteran Frank Sica.
The Riverside Company has launched its third European fund, seeking $280m in commitments.
Carlyle Europe Technology Partners has held a €101 million interim close. The fund is seeking roughly €200 million in commitments.
Orchid Asia, an early backer in Ctrip.com, has closed its latest China-focused venture fund, amassing $180m in commitments.