NEA, a US venture firm, has made an investment in Novatium Solutions, an early stage India company trying to bring internet computing to the masses.
2 min read · 04 January 2013
The financial services-focussed US buyout firm’s investment will fund the launch of a new investment arm, Kessler Capital Corporation.
1 min read · 04 January 2013
Former Home Depot head Bob Nardelli will lead Cerberus’ turnaround of US automaker Chrysler.
2 min read · 04 January 2013
Chicago-based GTCR Golder Rauner has added Wilton Industries and Dimensions Holdings to its growing craft empire.
2 min read · 04 January 2013
Harvard University's endowment is left without a head, as Mohamed El-Erian has left the $35 billion endowment for a senior role at PIMCO, where he'll lead a push into alternatives.
1 min read · 04 January 2013
Welsh, Carson, Anderson & Stowe will provide $100 million in capital to fund Florida healthcare provider Solantic’s expansion.
1 min read · 04 January 2013
Teachers' has named Erol Uzumeri, who currently manages international private equity investments at the Canadian pension, to succeed Jim Leech as head of its private equity arm.
1 min read · 04 January 2013
Alternative assets returned 27.6 percent to CalSTRS last fiscal year. Though less than last year’s 32 percent return, CalSTRS’ alternative assets outperformed the portfolio as a whole by around 7 percentage points.
2 min read · 04 January 2013
Connecticut Democrat and presidential candidate Christopher Dodd has said he wants to hold a hearing on the proposed Grassley-Baucus Bill, which would double the tax burden of publicly traded partnerships.
2 min read · 04 January 2013
Cerberus Capital Management will acquire the North American operations of paper products producer Stora Enso for $2.52 billion, in one of the few mega buyouts to be signed since the advent of the credit crunch.
1 min read · 04 January 2013
