The members of the Offit family are breaking away from Offit Hall Capital Management to create a new alternative assets advisory firm in New York, while the San Francisco arm of the firm will rename. The split ends a five-year merger of two firms.
1 min read · 04 January 2013
A vehicle launched in 2000 as a public venture capital fund has now come back strong as a buyout-oriented business development company. The market cap of MVC Capital, run by a former KKR pro, is at an all-time high following the announcement of two huge exits.
2 min read · 04 January 2013
The global private equity firm has offered $4.5 billion for the eye health specialist, which recently was forced to recall products.
2 min read · 04 January 2013
The value of private equity-backed privatisations in the US now represent nearly one-fourth of the total M&A market, according to new statistics.
1 min read · 04 January 2013
The New York firm, led by former Forstmann Little pro Steven Klinsky, has set a target of $3 billion for its next private equity fund as LPs clamour for allocations.
1 min read · 04 January 2013
The mutual fund giant is now pursuing growth buyouts alongside its affiliated venture programme. Boston and London offices are led by former Riverside and HgCapital professionals, respectively.
1 min read · 04 January 2013
Emerging Capital Partners, the Washington DC-based offshoot of AIG Africa Infrastructure, has rounded up $523 million for a new fund targeting the continent. Already the firm is prepping a 3x exit from the new fund.
2 min read · 04 January 2013
The largest federation of unions in the US has written the SEC in an attempt to halt Blackstone’s IPO, according to the Financial Times.
2 min read · 04 January 2013
In a startling development, a soon-to-be established state investment company of the People’s Republic of China will make a $3 billion investment in Blackstone as the alternative investment giant prepares to go public. Blackstone’s Schwarzman is calling the deal a ’paradigm shift in global capital flows’.
2 min read · 04 January 2013
Proposed legislation sponsored by an influential US senator would require SEC registration of all investment advisors, including apparently all hedge fund and private equity fund managers, with more than $50 million in assets.
2 min read · 04 January 2013
