Delegates at an emerging markets conference in Washington DC yesterday argued that emerging managers, now more than ever, have a responsibility to the communities in which they invest.
2 min read · 05 January 2013
The US attorney in New Mexico is demanding documents from New Mexico’s $11.8bn State Investment Council relating to investment activity and specifically in connection to Aldus Equity, the embattled financial advisor caught up in pension pay-to-play scandal rocking the private equity world.
2 min read · 05 January 2013
Net asset values will decline more over the next few quarters, brining allocations back into balance, according to a white paper published by the secondaries specialist.
2 min read · 05 January 2013
The Canadian private equity firm has been amassing the bankrupt casino operator’s senior debt. Onex made the investment from its third buyout fund, which is nearing a $3.5bn close.
2 min read · 05 January 2013
The VC consortium in 2006 invested $70m in MedServe, which collects, transports and disposes of medical and hazardous waste.
1 min read · 05 January 2013
The distressed and turnaround specialist has made one investment from Fund II and is actively looking for opportunities, but many of the potential deals in the market have a ‘very high level of urgency’.
2 min read · 05 January 2013
The inspector general of the US Pension Benefit Guarantee Corporation said it has found improper communications between the agency’s former director, Charles Millard, and investment firms bidding for contracts to manage the agency’s $2.5bn allocation to private equity and real estate. US Congress is now investigating the issue.
2 min read · 05 January 2013
Private equity firms, especially those operating in emerging markets, have to prove their worth to maintain good relationships with the communities in which they invest, writes Christopher Witkowsky.
1 min read · 05 January 2013
The $20bn Connecticut state pension is the latest in a list of US pensions that have ended their relationship with Aldus Equity after the Dallas firm’s founder, Saul Meyer, was indicted for allegedly taking part in a kick-back scheme. Aldus’ lawyer yesterday rebuked the SEC as being ‘careless’ for naming the firm in a related complaint.
4 min read · 05 January 2013
The $122bn pension committed $125m to DFJ Gotham Ventures II and the PCGI/NYSCRF Emerging Europe Fund. The pension also announced it was searching for a new manager for its emerging mangers fund that was formerly run by embattled Aldus Equity.
1 min read · 05 January 2013
