The private equity industry is getting smaller, including fund sizes, deal sizes and fee sizes, according to Carlyle co-founder David Rubenstein at the annual Milken Institute Global Conference.
2 min read · 05 January 2013
The firms will invest $77.5m each in the merger of FNB United and Bank of Granite as part of a $310 million private placement of FNB United’s stock.
2 min read · 05 January 2013
The fundraise for Fund VII comes less than one month after the firm closed it’s sixth fund on $1.1bn.
1 min read · 05 January 2013
John Breen, head of funds and secondaries at CPPIB, also serves as vice chair at ILPA. It's unclear whether he will leave ILPA, which would be a 'huge loss', says ILPA executive director Kathy Jeramaz-Larson.
1 min read · 05 January 2013
The China-focused technology investor has added three investment professionals for its current $200m vehicle. The firm is expected to complete two 'significant' investments before the end of the Q2 2011.
2 min read · 05 January 2013
The acquisition of properties in the Barnett Shale region of Texas marks the third investment made by KKR Natural resources.
2 min read · 05 January 2013
The Dallas-based mid-market firm has made its first investment from the fund, teaming up with Costar Midstream, says partner Jim Benson.
1 min read · 05 January 2013
The firm’s ‘spillover’ distressed debt fund will begin deploying capital after Fund VIII has been invested and will not incur management fees until capital is deployed.
1 min read · 05 January 2013
Bruce Feldman will leave his post as director of alternatives at the $25.5bn pension on 17 June.
1 min read · 05 January 2013
Former co-founder of Nottingham Capital Management Barry Miller has been named head of private equity at the $113bn pension system.
1 min read · 05 January 2013
