Texas public employee pensions slightly increased investments in real estate, private equity and energy, while decreasing exposure to US domestic stocks and bonds in 2013, according to a Commonfund Institute report. The 60 survey respondents represented approximately $170.3 billion in total assets in 2013, compared to $23.8 billion for 52 reporting respondents in the 2012 report.
2 min read · 07 April 2014
CVC Capital Partners has appointed John D. Clark as a managing partner based in New York. Clark will focus on middle-market, growth-oriented private equity investments in the technology, software and technology-enabled business services sectors.
3 min read · 07 April 2014
European private equity investor Idinvest Partners has closed its second fund aimed at secondary deals. Idinvest Secondary Fund II will follow its predecessor fund by focusing on mature secondary transactions in the European small and mid-market.
2 min read · 07 April 2014
Cinven has acquired Medpace for $915 million. Medpace is a contract research organisation.
3 min read · 07 April 2014
HitecVision has completed fundraising for HitecVision VII and reached its hard cap of $1.9 billion, exceeding its $1.5 billion target. The firm is a European private equity investor focused on the oil and gas industry.
3 min read · 07 April 2014
TDR Capital has closed its third European buyout fund TDR Capital III. TDR Capital III will continue to build on the firm’s core strategy of making control buyout investments in European businesses with an operational focus.
2 min read · 07 April 2014
Black Lotus has secured an initial debt facility of $6 million, provided by East West Bank. Black Lotus, a leader in availability security and provider of distributed denial of service (DDoS) protection.
3 min read · 07 April 2014
Waha Capital has sold its stake in AerLift Leasing to a newly-established U.S.-based aircraft leasing platform. AerLift Leasing was established in 2010, with Waha Capital owning a 60.7% shareholding. The company owns a portfolio of 11 commercial aircraft operated by a number of international airlines. Goldman Sachs served as advisors to Waha Capital on this deal.
2 min read · 07 April 2014
Stephen Walters has joined Morgan Lewis as a partner in the business and finance practice, resident in London. Walters’s practice focuses on public and private mergers and acquisitions, joint ventures, private equity and other equity financing transactions, corporate governance and general corporate advisory matters, as well as financial services work.
3 min read · 07 April 2014
Here's the latest private equity headlines from the weekend including more on the never-ending fee debate, NYCRS scouting for a PE head, what counts in private equity performance and a good week for tech IPOs.
1 min read · 07 April 2014
