Jennifer Harris

American Capital earns 3x money on audio visual company(4)

American Capital has sold Swank Audio Visuals to Code Hennessy & Simmons, earning a three times return. The firm provided $48.5 million in debt financing for the deal.

NY State to allocate $1bn for ‘emerging’ managers(3)

The New York State Common Retirement Fund is upping its allocation to so-called emerging managers, including women- and minority-owned firms.

San Diego allocates $365m to infrastructure(4)

The San Diego County Employees’ Retirement System has created a 5 percent allocation for infrastructure, making it the latest pension fund to earmark funds for an asset class that many pensions like for its long-term, stable returns and low correlation with the overall market.

Ford’s US pension ups alternatives allocation(3)

Ford Motor Company’s US pension plan will seek to reduce its vulnerability to a stock market decline by increasing its alternatives allocation from 5 percent to 20 percent.

GEM, Fiduciaria Bogota launch $220m Colombia fund(2)

As private equity in Colombia continues to boom, the Global Emerging Markets Group and Fiduciaria Bogota plan to raise a $220 million fund, the second Columbia-dedicated fund launched this year.

Sentinel in two auto parts deals(4)

Sentinel Capital Partners, unhampered by the credit crunch, is continuing a fast-paced year. This week the firm acquired one auto parts supplier and sold another.

Cerberus drops $6.2bn ACS bid(3)

Cerberus’ proposed $62 per share buyout of Affiliated Computer Services is the latest LBO to fall apart.

New Venture Partners opens Silicon Valley office(3)

Lucent Technologies spin-out New Venture Partners will bring its corporate technology spin-out model to Silicon Valley, a move enabled by the addition of former Intel research director David Tennenhouse.

San Diego allocates $365m to infrastructure(3)

The San Diego County Employees’ Retirement System has created a 5 percent allocation for infrastructure, making it the latest pension fund to earmark funds for an asset class that many pensions like for its long-term, stable returns and low correlation with the overall market.

Fort Washington to raise $250m FoF(4)

Fort Washington Capital Partners is targeting $250 million for its sixth fund of funds, which will invest in equal numbers of venture and private equity funds.