Oregon Investment Council, which runs the approximately $60 billion Oregon Public Employees Retirement Fund, has committed over $7 billion to 18 KKR vehicles since it started investing in private equity in 1981. The top performer of the KKR portfolio is its 1983 investment in the KKR 1982 Fund, which posted an IRR of 39.7 percent and multiple of 3.3x as of September 30.
2 min read · 15 February 2013
This week peHUB is highlighting a handful of positions based in Boston, San Diego, New York and London.
2 min read · 14 February 2013
GTCR has entered into a definitive agreement to acquire NewWave Communications from Pamlico Capital. The acquisition will be completed through GTCR`s previously established partnership with Rural Broadband Investments. GTCR and Spencer formed RBI in 2012 with the purpose of acquiring broadband infrastructure assets in small and mid-sized communities.
3 min read · 14 February 2013
Gramercy, a dedicated emerging markets investment manager, has added several hires to its Latin America private equity investment team co-led by Gustavo Ferraro, a managing director and head of Latin American markets at Gramercy and David Britts, a managing director focused on private equity. The firm has also formed a TMT advisory board and appointed several members.
4 min read · 14 February 2013
Private equity firm Sterling Partners' Mike Drai has been promoted from vice president to principal. Drai joined Sterling in 2008 and is a vice president. Prior to Sterling, he worked at GTCR Golder Rauner, Allen & Company and Salomon Smith Barney. He received a BS in finance from University of Illinois and an MBA from Kellogg School of Management.
1 min read · 14 February 2013
GrowthGate, a growth investment company operating in the GCC markets and the wider MENA region, has realised its investment in Roots Steel International with the signing of a definitive sale agreement. GrowthGate sold its minority stake in RSI to a consortium of majority shareholders realizing a return in excess of 3x.
3 min read · 14 February 2013
A regional operator of family dining and entertainment centers (the company) has announced the successful refinancing of its existing senior and subordinated debt financing. The capital was structured as a one stop multi-tranche facility provided by a syndicate of lenders. FocalPoint Securities served as the company’s exclusive financial advisor.
3 min read · 14 February 2013
Zhongpin, a meat and food processing company in the People's Republic of China, has entered into an amended merger agreement with Golden Bridge. The merger will be financed through a combination of an equity commitment of $85 million by China Wealth Growth Fund I LP and a $320,000,000 term loan facility from China Development Bank Corporation Hong Kong Branch.
5 min read · 14 February 2013
Happy Valentine's morning. Today First Read brings you the top companies that love this day the most; the lowdown on Mass PRIM's PE allocations and which nation has the fastest 4G speed.
1 min read · 14 February 2013
Kim Petry has joined BillMyParents, Inc as its new chief financial officer mid to late February 2013, at which point she will replace Jonathan Shultz. Shultz will continue to serve as CFO until the appointment.
3 min read · 13 February 2013
