Melissa Mittelman
Stories by Melissa Mittelman
Chinese restaurant chain P.F. Chang’s Bistro may be put on block
Private equity owner Centerbridge Partners LP bought the brand and took it private in 2012, in a deal that valued the chain at $1.1 billion.
TPG enters PE secondaries market with stake in Asia-Focused NewQuest
TPG is investing in Hong Kong-based NewQuest with its balance sheet -- not via a fund -- and NewQuest will continue to operate independently.
KKR buys BMC Software from Bain, others in deal said to be worth $8.3b
KKR will buy BMC from an investor group led by Bain Capital and Golden Gate Capital together with GIC Pte Ltd., Insight Venture Partners and Elliott M
Carlyle co-founder Rubenstein sets up family office, eyes external capital
Rubenstein has recruited Brian Frank, a former money manager at Michael Dell’s MSD Partners, to run the unit.
SoftBank-owned Fortress said to seek $2b for first direct lending fund
New York-based Fortress is also said to be targeting $5 billion for its fifth, flagship credit opportunities fund. It closed the most recent iteration
Blackstone assets rise 22% to $450b on fundraising growth
Blackstone has said it plans to double assets under management over the next five years.
Blackstone credit arm raises $7b for third rescue-lending fund
The credit strategy, known as capital solutions, provides funding to stressed or distressed companies with liquidity needs.
Blackstone raises $1.75b for infrastructure secondaries fund
Rising allocations to primary private equity funds and growing acceptance for limited partners selling their interests have fueled significant growth
TPG said to target $11b for next flagship buyout fund
TPG is also launching a sidecar healthcare pool with a target of $2.5 billion and is likely to split the main fund’s healthcare deals on a 50-50 bas
Blackstone sees half of its assets coming from retail investors
Private equity firms are eyeing additional sources of capital as traditional clients, such as pension funds and sovereign wealth funds, become increas
