Harvest Partners eyes $5.3bn buyout fund

Harvest Partners eyes $5.3bn buyout fund

Harvest Partners, one of the private-equity industry’s oldest midmarket firms, wants to raise $5.3bn for its ninth main buyout fund, according to pension documents. If the New York-based firm reaches its target for Harvest Partners IX LP, the fund will be more than...
Hellman & Friedman takes 7.5% stake in software maker Splunk

Hellman & Friedman takes 7.5% stake in software maker Splunk

Private equity firm Hellman & Friedman has taken a 7.5% stake in software maker Splunk worth about $1.45bn, according to a regulatory filing on Friday. Shares of Splunk, which has a market value of nearly $20bn, rose 1% in pre-market trading. The company on...
Goldman Sachs GQG fund cuts Russian exposure to $222m

Goldman Sachs GQG fund cuts Russian exposure to $222m

Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222m, according to a statement and a spokesperson, down from over $1.7bn six months ago. The Goldman Sachs GQG Partners International Opportunities Fund was...
Carlyle plans to acquire 10% in Yes Bank for $500-600m

Carlyle plans to acquire 10% in Yes Bank for $500-600m

Private equity group Carlyle is considering a $500-600m investment in Yes Bank along with peer Advent International, according to people in the know. The lender is in talks with the private equity (PE) investors to raise $1-1.5bn of growth capital to further bolster...