Global alternative asset manager The Carlyle Group has closed a $415 million Collateralized Loan Obligation fund, the firm’s sixth new-issue CLO this year with four in the US and two in Europe. Carlyle Global Market Strategies CLO 2013-4 will invest in corporate leveraged loans and high yield bonds. Wells Fargo arranged the transaction.
2 min read · 12 November 2013
UK-based qodeo is set to launch its cloud-based beta service, to drive greater business productivity across the global venture community. Owned by Global Venture 100 Ltd, qodeo is an independent and interactive provider of financial data, trusted network connections and real-time market insight for the global entrepreneur, VC/PE professional, LP and corporate advisor community.
3 min read · 12 November 2013
Pacific Northern has completed a recapitalization with management and an investor group led by Barton Creek Equity Partners and Tuckerman Capital. Pacific Northern, founded in 1987, is headquartered in Dallas, Texas and operates manufacturing facilities in Asia and sales activities in the Americas, Europe, and Asia.
2 min read · 12 November 2013
Franklin Templeton Investments has appointed Peter Vincent as head of alternatives sales, Europe. Reporting to Jamie Hammond, managing director, Europe, Vincent is responsible for new business development of the group’s alternative products in Europe.
3 min read · 12 November 2013
Graphite Capital has sold Park Holidays UK, an operator of static caravan parks, to Caledonia Investments, a UK investment trust company. Graphite has sold seven companies since October 2012 generating a total return of 2.9x cost.
4 min read · 12 November 2013
Winston & Strawn has appointed Jared A. Hershberg to its New York office as a private equity partner in the corporate practice. Hershberg’s practice focuses on private equity investments, private investment funds, and mergers and acquisitions.
2 min read · 12 November 2013
Water Street Healthcare Partners, a strategic investor focused on the healthcare industry, has appointed Katie Ossman to vice president. Ossman will support Water Street with identifying new investment opportunities, and developing and implementing strategic plans to expand its group of health care companies. Prior to Water Street, Ossman worked as an associate with Avista Capital Partners, where she focused on investments in the health care, consumer and industrials sectors.
2 min read · 12 November 2013
Monroe Capital has appointed Bradley Nii as managing director in its Los Angeles office. Nii will serve as the firm’s group head for the Southern California region. Woo, also located in Los Angeles, will continue in his current role as a partner of Monroe Capital Partners Fund, an SBIC fund formed in 2011.
2 min read · 12 November 2013
Today First Read brings you insights into African tech start-ups; a vacancy at CalPERS for a chief operating investment officer and what the difference between venture capital and crowdfunding is.
1 min read · 12 November 2013
CBPE Capital has backed Allied Glass Containers, a manufacturer of premium glass bottles and containers for the food and drink market. Terms of the transaction were not disclosed.
3 min read · 11 November 2013
