NXP Semiconductors, backed by firms including KKR and Bain Capital, priced below its original target, selling shares at $14 a piece.
2 min read · 05 January 2013
The $102bn pension board voted to ‘rescind’ approval to buy an LP stake in Huntsman Gay's $1.1bn debut fund after failing to come to agreement with the seller.
2 min read · 05 January 2013
The $11.4bn pension, which committed $100m to Energy Capital Partners II in July, set aside $245m for private equity in fiscal 2011, and $350m for debt-related vehicles.
2 min read · 05 January 2013
Two groups of Bank of America private equity professionals are spinning out: one will form an independent fund while the other will join asset manager Sterling Stamos.
2 min read · 05 January 2013
Tough fundraising conditions have forced the Texas-headquartered firm to revise its prior plan to raise a combined $20bn for Lone Star Real Estate Fund II and Lone Star Fund VII.
1 min read · 05 January 2013
The Oregon Investment Council has started a new private equity relationship with Blackstone as it contemplates cutting its next commitment to KKR.
2 min read · 05 January 2013
GPs who need a little more time to find deals are asking for extensions. LPs should use these requests as a chance to ‘re-underwrite’ the relationship.
2 min read · 05 January 2013
The $14bn oil and gas endowment has hired Day Pitney to pursue fee and investment loss recovery from private equity firms to which SIC committed capital based on reasons ‘other than great returns’.
2 min read · 05 January 2013
The average high bid for partnership interests across all asset classes reached almost 80% of NAV in the first half of 2010, according to data from Cogent Partners.
2 min read · 05 January 2013
The firm, founded by energy industry veteran Frost Cochran, is moving from a pledge fund structure to a more traditional private equity fund.
2 min read · 05 January 2013
