A San Diego pension recently committed to the fund after negotiating carried interest down to 15% from 20%. Highland is raising the fund in partnership with investment firm PetroCap.
2 min read · 05 January 2013
New York City’s Mayor reportedly said his friend, the former Quadrangle co-founder, is a ‘scrupulously honest guy’, months after the firm accused Rattner of ‘unethical’ conduct.
2 min read · 05 January 2013
Blackstone affiliate GSO Capital Partners is targeting $2bn for its Capital Solutions Fund, which was slated to hold a final close in May.
1 min read · 05 January 2013
After years of syndicating club deals, the Pegasus Capital spin-out decided to raise its first fund with external capital to take advantage of the expanding opportunities in distressed-for-control.
1 min read · 05 January 2013
Riverwood, staffed with several former KKR professionals, is targeting $750m for its debut fund.
2 min read · 05 January 2013
Cablevision has agreed to buy Bresnan Communications in a deal valued at $1.4bn from majority owner Providence. Quadrangle Capital Partners also owns a stake in the company.
1 min read · 05 January 2013
Looming tax rises and upcoming fundraisings will motivate GPs to exit during the second half of this year, says Leonard Tannenbaum.
2 min read · 05 January 2013
Dennis Berman, an editor and columnist for the Wall Street Journal, on Thursday spoke with KKR’s Peter McKillop at a PEI conference about ways the industry can improve its image.
3 min read · 05 January 2013
The state’s $35bn oil and gas endowment plans to commit $600m of fresh capital and $250m left over from last year.
1 min read · 05 January 2013
The pension's board, which manages about $110bn in assets, has also significantly increased the target for strategic investments, which includes debt funds and infrastructure.
2 min read · 05 January 2013
