Jennifer Harris

Pandit to lead new Citi unit(4)

Vikram Pandit, a fund of funds entrepreneur and former Morgan Stanley executive, will lead Citi’s newly combined alternative assets and investment banking units, making him a direct report to chairman Chuck Prince.

VMG buys mineral cosmetics maker(4)

Mineral cosmetics maker Colorscience stands to benefit from new owner VMG Equity Partners’ connections to Los Angeles talent agency The Firm.

Kellwood rejects $544m Sun Capital bid(4)

Clothing marketer the Kellwood Company, whose brands include Baby Phat and Nautica, has rejected Sun Capital’s $21 per share bid, deeming the offer price too low.

GP Investments opens Mexico City office(4)

GP Investments has opened its first office outside of Brazil, part of its previously announced regional expansion.

Fort Washington to raise $250m FoF(3)

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.

Warburg Pincus holds $9bn first close(3)

The global private equity firm is well on its way to a target of $12 billion for its tenth fund.

Canadian VC investment up, fundraising still down(2)

Venture activity continues to show slow growth compared to the country’s booming buyout sector.

Carlyle appoints head of PR for Americas(4)

The Carlyle Group has hired Ellen Gonda, formerly a financial communications director at PR firm Brunswick Group, to lead its public relations efforts in North and South America. It is part of a larger expansion that will double the size of Carlyle’s global communications department.

GP Investments opens Mexico City office(3)

GP Investments has opened its first office outside of Brazil, part of its previously announced regional expansion.

Elevation makes 2x on first exit(4)

Two years after merging video game developers BioWare and Pandemic, Elevation Partners has doubled its money by selling the combined company to Electronic Arts, led by former Elevation partner John Riccitiello.