Private Equity
It’s often said the two things that drive private equity are returns and relationships. So which one pulls more weight when a general partner heads out on the fundraising trail to raise a new fund?
2 min read · 08 June 2012
Elevation Partners, the private equity firm that famously counts Irish rock star Bono among its co-founders, sold 5.2 million of its Facebook shares (or 13 percent of its stake) for $198 million as part of Facebook’s IPO on May 18.
2 min read · 04 June 2012
As senior vice president, Jane Rowe manages C$12.2 billion (US$11.9 billion) in private equity assets for Teachers Private Capital, the stunningly successful private equity arm of the C$117 billion Ontario Teachers’ Pension Plan.
7 min read · 04 June 2012
3 min read · 04 June 2012
River Associates Investments, a Chattanooga, Tenn.-based lower-mid-market buyout shop, has closed its sixth fund, River VI LP, having attracted $222 million in commitments, making the fund the largest the firm has raised so far and twice the size of its predecessor. The final close came in above the $200 million target.
1 min read · 04 June 2012
2 min read · 31 May 2012
Stanley Mavromates Jr., MassPRIM's chief investment officer since 2005, announced he is leaving the $50 billion pension system to be CIO of consulting firm Mercer.
2 min read · 31 May 2012
Cornell University’s endowment has appointed a new chief investment officer, naming A.J. Edwards to the role, according to a source with direct knowledge of the appointment. Edwards has been interim chief investment officer for Cornell’s Office of University Investments since May 1, 2011, when the previous chief investment officer, Michael Abbott, unexpectedly stepped down.
2 min read · 25 May 2012
2 min read · 25 May 2012
3 min read · 24 May 2012
