David Snow

TPG moves Asia head to Tokyo

TPG Newbridge, Texas Pacific’s investment arm in Asia, has moved its chairman of Asian/Japan operations to Tokyo from Hong Kong, and has nabbed a senior investment professional from Merrill Lynch in Japan.

S. African investor backs new US firm

Johnnic Holdings, a Johannesburg investment holding company, has made a commitment of as much as $43.5m to New York-based Blue Wolf, a new, government- and labour-focused middle-market buyout firm, led by two former New York City comptroller investment executives.

HIG shuns new LPs, raises $750m

For its fourth buyout fund, Miami-based HIG Capital offered allocations only to existing investors but has succeeded in raising $750m in less than three months.

Philips semicon group bids on $18bn Freescale deal

Freescale Semiconductor, based in Austin, Texas, saw its share price rocket 18 percent today following its confirmation that it is ‘in discussions’ over a possible deal. Two rival private equity groups are reportedly bidding for the company, including the same consortium that recently acquired the semiconductor unit of Philips.

Ripplewood preps $2.5bn fundraise(3)

Seven years after closing on its previous US buyout fund, the New York firm led by Tim Collins is approaching LPs about a new fund and co-investment vehicle.

Bain Capital to raise Asia fund

Having built up a team of roughly 20 professionals in the region, the Boston-based private equity giant will pursue buyouts across Asia through a dedicated vehicle.

Guggenheim launches venture firm

Guggenheim Partners has hired three venture capitalists from TL Ventures to pursue a ‘different type of VC practice’ focused on tapping entrepreneurs who live outside of the best known tech hot-spots.

GP Investimentos passes $1bn in booming Brazil(2)

Triple-digit returns have helped the Sao Paulo-based firm reach a first close on what is for now Latin America’s largest private equity fund.

Citi vets complete $3.1bn fundraise(2)

One of the most longstanding teams of private equity investors in the market, Citigroup Venture Capital, has raised the largest spin-out fund yet as Court Square Capital Partners.

Bain targets funds totaling $15bn(2)

Eighteen months after closing its last round of fundraising, Bain Capital is back with a modestly larger $10 billion core fund target, but a $5 billion co-investment fund, reflecting high LP co-investment demand as well as the possibility of a slowdown in the deal market.