Andrew Cuomo, the attorney general of New York, has accused a former political leader of collecting $800,000 in sham finder’s fees for directing pension investments to two private equity firms.
3 min read · 05 January 2013
GS Vintage Fund V will focus on LP private equity interests and providing liquidity to LPs and GPs around the world, focusing on deals ranging in size from $1m to $1bn.
2 min read · 05 January 2013
The management spin-out of Lehman’s merchant banking arm officially closed last week and the firm has chosen a new name.
2 min read · 05 January 2013
The turnaround specialist, which has seen about 10 of its portfolio companies tumble into bankruptcy since last year, has extended debtor-in-possession loans to two of its bankrupt companies and plans to control them after they emerge from Chapter 11.
3 min read · 05 January 2013
The $153bn pension's in-state private equity programme has $528m remaining out of the $931m committed for investments in New York-based companies.
2 min read · 05 January 2013
The $21bn pension committed $100m to Hellman & Friedman’s seventh fund as it looks to invest $1bn in private equity this year.
1 min read · 05 January 2013
The New York-based firm has said it will not use financial leverage to bolster returns. It has already done nine deals.
2 min read · 05 January 2013
Bank of America has made 14-year Merrill Lynch veteran James Forbes the head of its real estate and private equity business.
2 min read · 05 January 2013
A report from Pitchbook Data shows that investments by private equity investing has slowed, but investors are out looking for deals, activity that wasn’t happening in the fourth quarter of 2008.
2 min read · 05 January 2013
The firm spun out of Arsenal Capital in 2007 when co-founder Barry Siadat left to start an independent firm targeting specialty materials, chemicals and healthcare investments. SK Capital made its first investment from the second fund, acquiring Solutia’s nylon business for $50m.
2 min read · 05 January 2013
