The mega-firm, which has already slashed the size of its $19.8bn buyout fund and its $6bn financial-services fund, will give investors in TPG Asia V the option to cut commitments by up to 10%.
2 min read · 05 January 2013
Renamed Trilantic Capital and still led by Charlie Ayres, the firm will be ‘patient’ in choosing investment opportunities. In an interview with PEO, Ayres said his firm will look for chances to inject quality, over-levered companies with equity capital for some form of control.
3 min read · 05 January 2013
William Thompson, New York City’s comptroller who controls the city's five combined pensions, has called a meeting of trustees of the five pensions to consider the ban. Thompson has also asked New York’s attorney general to investigate Quadrangle, to which the city's pensions committed $125m in 2005 and 2006.
1 min read · 05 January 2013
The $11.5bn New Mexico State Investment Council has temporarily suspended Aldus as it reviews its advisory work and is investigating whether any of its other consultants or GPs have links with third-party marketing firms. SIC has already discovered that Carlyle and Quadrangle used a company affiliated with the New York Common scandal to secure money from the state oil and gas endowment.
4 min read · 05 January 2013
Hicks Sports Group, which owns professional sports teams the Dallas Stars and the Texas Rangers, is in default after missing a $10m interest payment on its more than $500m debt load.
2 min read · 05 January 2013
William Thompson, the comptroller for New York City, is investigating whether Quadrangle Group ‘intentionally misled or deceived’ city pensions by withholding payments of finder’s fees to a company controlled by Henry Morris, who has been indicted in New York State’s $122bn pension kick-back scandal.
2 min read · 05 January 2013
The $41.8bn pension will invest $150m each to Hellman & Friedman VII, targeting $10bn, and First Reserve XII, targeting $12bn.
2 min read · 05 January 2013
The Nasdaq-listed business development company wants to reduce the number of outstanding shares to boost its stock price.
2 min read · 05 January 2013
The commitment to KKR E2 Investors will be offset by a $94m reduction in WSIB’s $700m committed to KKR European Fund III. The US pension also committed $150m to TA Associates' 11th fund, reportedly targeting $4bn.
2 min read · 05 January 2013
The pension allocated funds to Oaktree Capital Management and TA Associates despite being over-weighted to private equity.
1 min read · 05 January 2013
