The Quadrangle Group’s co-founder and managing principal will step down from the firm to assume his new role with the US government, where he will advise Treasury Secretary Timothy Geithner and National Economic Council director Lawrence Summers on the auto industry.
2 min read · 05 January 2013
Moll Ramos, the mid-market firm’s third add-on for its plastic molding platform, allows the firm to expand its company into Mexico.
2 min read · 05 January 2013
The California pension is set to create a $6bn securities portfolio targeting distressed sellers that will cut across all asset classes. To make room for the portfolio, the pension is shifting its asset class allocations, including increasing allocations to private equity and real estate.
2 min read · 05 January 2013
The $28bn national oil fund has cancelled commitments to funds including Alinda and Pathway Capital as it tries to re-focus on ‘core’ asset classes amid continuing losses.
2 min read · 05 January 2013
Portfolio companies of several private equity firms have had to recall products after salmonella contamination forced the nationwide recall of 1,800 products this month, costing companies millions and driving Emigrant Capital-backed Forward Foods into bankruptcy.
2 min read · 05 January 2013
The New York-based turnaround firm has made three acquisitions as part of the platform, including the purchase of Labatt USA for an undisclosed amount.
2 min read · 05 January 2013
As the global economy sinks, interest in distressed and turnaround investments has grown.
1 min read · 05 January 2013
The Washington State Investment Board has made $250m in fresh commitments. It has also appointed its chief operator, Theresa Whitmarsh, as acting executive director while the pension looks to replace Joseph Dear, who will become CIO at CalPERS.
1 min read · 05 January 2013
Cerberus, HgCapital, Apollo and Gold Hill are among the GPs to see agreed commitments evaporate as the Pennsylvania Public School Employees' Retirement System retrenches.
2 min read · 05 January 2013
The SEC today accused billionaire Allen Stanford, who runs Stanford Financial Group, of fraudulently selling $8bn worth of certificates of deposit, claiming that these securities were backed by liquid assets when in fact they were highly exposed to private equity and real estate.
2 min read · 05 January 2013
