The firm reported profits fell by about 26% but stressed during an earnings call Tuesday that quarter-to-quarter results are not the way to measure the firm’s overall performance.
2 min read · 08 February 2013
Iwakaze Capital, headed by former Ripplewood Japan executive Kenji Ueda, has stopped raising its second fund, which launched in 2010, because of the tough marketing environment, according to Ueda.
3 min read · 08 February 2013
The Howard Marks-led firm has issued its first quarter filing, reporting revenues of $318.3m and a first close on its ninth Opportunities fund on $1.2bn.
2 min read · 08 February 2013
Led by former Goldman Sachs executive Robert Smith, the firm was able to tout a strong track record and LP-friendly terms in the marketing of its fourth investment vehicle.
3 min read · 08 February 2013
Michael Russell, a former PCG executive who joined Altius in 2007, has left to pursue other opportunities in the industry.
2 min read · 08 February 2013
The $232bn system has formed a new relationship with Cerberus with a $400m commitment into the firm’s fifth fund, a sign of confidence as the firm works to hit its $3.75bn target.
3 min read · 08 February 2013
The firm has formed a $600m customised account with a large pension system, and could launch its next flagship buyout fund later this year, according to firm president Marc Spilker.
2 min read · 08 February 2013
US-based partner Bill Sullivan and two principals from the healthcare team have left or are leaving the firm, which recently held a €4.3bn first close on Fund VIII.
3 min read · 08 February 2013
Frank Pearl formed the mid-market specialist in 1995 after working for years at early buyout shop Wesray Capital Corporation.
1 min read · 08 February 2013
The firm's initial public offering debuted at $22 per share, below its low-end expectation of $23 per share. The firm raised $671m in the offering.
2 min read · 08 February 2013
