Graham Winfrey

Oregon commits $100m to WL Ross

The Oregon Investment Council has approved a commitment to WL Ross’ Recovery Fund V, targeting $4bn. The pension committed $200m to the firm’s predecessor fund in 2007.

Conversus exit flow continues in Q3

The Euronext-listed fund of funds saw distributions of $100m in the third quarter and expects to continue collecting more in proceeds from GP exits than it pays out in capital calls ‘over the medium term’.

Wormsley: EMI investment not my fault

Citi banker David Wormsley was on the witness stand Wednesday, where he denied all allegations of misleading Guy Hands into overpaying for EMI in 2007.

Carlyle in $2.6bn mobile take-private

The firm has agreed to acquire Syniverse Technologies, a provider of mobile phone networks, and will pay a 35% premium over Syniverse’s recent average closing price. The acquisition is Carlyle’s second multi-billion tech take-private this week.

Blackstone aims for December close

The firm is waiting for a few last limited partners to finalise commitments to its sixth buyout fund, which is expected to close on roughly $13.5bn before the end of the year.

Citadel co-founds Egyptian Private Equity Association

Carlyle co-founder David Rubenstein joined Citadel Capital’s founding members to announce the launch at an event in Cairo.

Bridgepoint acquires jewellery retailers for €600m

The European private equity firm is buying French jewellery retailers Histoire d’Or and Marc Orian from Silverfleet Capital and Qualium Investment, respectively. Silverfleet sold Histoire d’Or for €417 million, generating a 3x exit multiple.

Hands gets warned, attacks the FT

Terra Firma head Guy Hands said Friday he ignored information the Financial Times had that Cerberus had dropped out of the EMI auction because the newspaper ‘gets things wrong on a completely consistent basis’.

New York commits $360m across three funds

Blackstone’s sixth buyout fund garnered a $300m commitment from the pension giant.

Fund values increase slightly in Q2

Aggregate fund values were written up an average of .65% in the second quarter, the fifth consecutive quarter of increasing fund valuations, according to State Street.