Carlyle seeks $15 billion for its seventh U.S. buyout fund: Bloomberg

Private equity firm Carlyle Group LP is looking to raise $15 billion for its next U.S. buyout fund, Bloomberg reported on Monday, citing people familiar with the matter. The fund, the firm’s seventh for the United States, is part of Carlyle’s aim to raise $100 billion from 2016 to 2019, Bloomberg reported. Carlyle’s $15 billion fund could be the largest pool ever focused on buyouts in the U.S. region, Bloomberg reported, as private equity firms are raising ever-bigger pools of capital to provide returns to investors amid near-zero interest rates. The firm gathered $13 billion for its sixth U.S. buyout fund in 2013. Carlyle was not immediately available for comment when contacted by Reuters. Photo: A general view of the lobby outside of the Carlyle Group offices in Washington, May 3, 2012.  Reuters/Jonathan Ernst

Castlelake wraps up fifth flagship fund at $2.4 bln

Minneapolis-based Castlelake LP, a private investment firm, has closed its fifth flagship fund at a hard cap of $2.4 billion. The firm’s limited partners includes endowments, foundations, public and private pension plans, private funds, family offices, insurance companies and sovereign wealth funds. The fund will invest in opportunities considered asset-rich as well as not dependent on the traditional business cycles. This includes aircraft assets and aviation finance, European distressed real estate assets, dislocated industries and corporate distressed special situations. In June 2015, Castlelake closed its fourth fund at $1.9 billion, generating a net IRR of 30.09 percent, as of September 30, 2016, according to data provided by California State Teachers’ Retirement System. Launched in 2005, Castlelake currently manages more than $10.3 billion in assets. A white piggy bank with a pile of money. Photo courtesy of busypix/iStock/Getty Images

BlueBay rakes in over 3 bln euros for senior loan fund

BlueBay has closed its senior loan fund at over 3 billion euros. The fund will focus on providing credit to upper middle market European businesses. Fried Frank provided counsel to BlueBay on the fund. PRESS RELEASE London – BlueBay Asset Management LLP (“BlueBay”) Private Debt Group announces the final close of its Senior Loan Fund (the “Fund”) with investable capital, including leverage, in excess of €3 billion. The Fund hassignificantly exceeded its initial target, with strong support from both existing and new institutional investors globally. BlueBay’s Private Debt platform now has over €7 billion in AuM and has successfully completed over 55 transactions across 9 geographies since inception in 2011. The new Senior Loan Fund aims to provide credit to upper mid-market European businesses to fill the funding gap left by banks, through bespoke financing solutions for leveraged buy-outs (LBOs), M&A, corporate financing, growth financing and re-financings. The Fund is
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Revel Partners raises $20.6 mln toward $50 mln second fund

Revel Partners has raised $20.64 million of a targeted $50 million second fund, according to a filing with the SEC. The New York-based firm is led by Chris Young, Joseph Apprendi and John Vincent, and makes early-stage investments in enterprise SaaS companies, according to its website. Thus far, 21 investors have committed to Revel Venture Fund II.