Jennifer Harris

VMG buys mineral cosmetics maker(3)

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

PE not included in California Iran ban(4)

The state of California has passed a law requiring that CalPERS and CalSTRS divest from companies that do business in Iran, but unlike similar bans elsewhere, private equity is not affected.

Cerberus drops $6.2bn ACS bid(2)

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

Monomoy buys Alcoa division(4)

KPS-spinout Monomoy Capital Partners has increased its market share in the safety-critical components sector with the acquisition of Alcoa’s Automotive Castings business.

New Mexico tops Texas Teachers with largest alternatives allocation of US pensions(2)

The New Mexico Educational Retirement Board has upped its alternatives allocation from 15 percent of total assets to 35 percent at the expense of the equities and fixed income asset classes. The new target surpasses that of the Teacher Retirement System of Texas as the largest alternatives allocation of any US pension plan.

Monomoy buys Alcoa division(3)

KPS-spinout Monomoy Capital Partners has increased its market share in the safety-critical components sector with the acquisition of Alcoa’s Automotive Castings business.

Hellman & Friedman buys stake in Grosvenor(3)

The private equity firm is the latest to invest in the growing fund of hedge funds industry.

Octavian adds to distressed debt team

New York asset manager Octavian Advisors has hired distressed debt specialists Arif Gangat and Oscar Mockridge as it expands its practice to take advantage of debt market turmoil.

Carlyle appoints head of PR for Americas(3)

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.

Bessemer adds to India team(4)

Bessemer Venture Partners has promoted Devesh Garg to managing director for its growing India team, four months after allocating $350 million for investments in the region.