Aligned Asset Managers, a portfolio company of private equity firm GTCR, has appointed R. Barney Walker the director of institutional investments. Walker will drive Aligned's distribution and client service activities for its member firms. He has extensive industry contacts in the institutional marketplace and will also assist Aligned in sourcing new potential investments.
2 min read · 28 March 2013
This morning First Read brings you news to tide you over the Easter period including the latest on global IT spend; the stock market rebound; PE conflict in China and which are the most tax-friendly states for business.
1 min read · 28 March 2013
Ridgemont Equity Partners and Post Oak Energy Capital have announced a $100 million capital commitment to the management team of Titan River Energy. Titan River’s management team will be co-investing alongside Ridgemont and Post Oak. No other financial terms of the transaction were disclosed. Titan River is a newly formed oil and gas company headquartered in Fort Worth, Texas, with an additional office in The Woodlands.
4 min read · 27 March 2013
The Universities Superannuation Scheme Limited, one of the largest pension schemes in the UK, has completed the acquisition of the Brisbane Airtrain. The transaction was arranged by USS Investment Management Limited, USS’s principal investment manager and advisor who will manage the investment on USS’s behalf.
3 min read · 27 March 2013
Caribbean Property Group and affiliates of Perella Weinberg Partners’ Asset Based Value Strategy, have completed the acquisition of a portfolio of non-performing commercial and constructions loans, and commercial and single-family real estate from Banco Popular de Puerto Rico. The portfolio has a combined unpaid principal balance on loans and appraised value of other real estate owned of approximately $995 million and a book value of approximately $540 million.
3 min read · 27 March 2013
Social Finance has secured a $60 million warehouse line from Morgan Stanley. The facility gives SoFi increased capacity to further expand its successful community-based lending model.
2 min read · 27 March 2013
This morning peHUB brings you links to 47 new start-ups from Y Combinator; State Street's Investor Confidence Index which is falling and America's most content and miserable cities.
1 min read · 27 March 2013
Europe leads the way in Washington State Investment Board’s mezzanine commitments, according to its most recent performance data as of September 30, 2012. The state pension fund has committed to 11 mezzanine funds with vintages ranging from 1985 to 1999.
2 min read · 26 March 2013
This week’s vacancies include both something for those with expertise in the lower mid-market sector and also an associate and senior venture principal role for a technology-focused applicant.
2 min read · 26 March 2013
Wereldhave and Lone Star Funds have completed the sale and purchase of Wereldhave's portfolio in the US for $720 million gross. The proceeds from the property disposals were used to reduce group debt.
2 min read · 26 March 2013
