Jennifer Harris

Ex-UBS exec, Florida billionaire to raise $1bn distressed fund(3)

Jeffrey McDermott, formerly co-head of investment banking at UBS, and billionaire Michael Heisley are targeting $1 billion for the debut fund of a new, distressed-focused private equity firm.

Ex-UBS exec, Florida billionaire to raise $1bn distressed fund(2)

Jeffrey McDermott, formerly co-head of investment banking at UBS, and billionaire Michael Heisley are targeting $1 billion for the debut fund of a new, distressed-focused private equity firm.

Centre Partners acquires military headhunter(3)

The New York-based private equity firm predicts that the acquisition of the military recruiting and consulting firm Orion will create synergies with its other portfolio companies.

BIA closes $195m mezzanine fund(2)

Media-focused BIA Digital Partners has closed its second fund on $195 million.

BIA closes $195m mezzanine fund

Media-focused BIA Digital Partners has closed its second fund on $195 million.

3i buys $57m stake in hedge fund administrator(3)

3i’s US arm has bought a stake in a Bermuda-based hedge fund administrator, in the latest move in an active year for the firm.

Paul Capital adds to new co-investment team(2)

Paul Capital Investments has added former GE Asset Management VP Dan Townsend to its growing ranks.

AIGGIG hires in Japan(3)

Former Deutsche pro Stewart Homler will lead AIG’s expansion in the Japanese alternative investments market.

Court Square provides $638m exit for Platinum(2)

Platinum will realize a 2.5x return on the sale of CompuCom to Citi spin-out Court Square.

Blackstone considers $400m China petrochemical deal(4)

The Blackstone Group is said to be mulling a $400 million investment in China’s largest petrochemicals company. The news follows a disappointing NYSE debut for Blackstone’s management company, in which the Chinese government invested $3 billion.