Jennifer Harris

Standard Life’s Boston office walks out(3)

The majority of Standard Life’s US private equity fund of funds team has left ‘without giving notice or warning of their intentions’. The UK insurer is currently in negotiations with its lawyers on the matter.

First Reserve, shipping vet launch $300m venture(2)

First Reserve has committed $300 million to a joint venture with former OMI chief executive Craig Stevenson, formed to pursue energy-related shipping investments.

Vestar in $1.1bn oncology chain deal(4)

Vestar Capital Partners will acquire cancer treatment chain Radiation Therapy Services in a $1.1 billion deal. It is the firm’s first healthcare acquisition since hiring former Bain & Company healthcare pro Anil Shrivastava.

GE vets raise $500m for industrial businesses

GenNx360 Capital Partners has raised $500 million (€338 million) for its debut fund, which will target underperforming industrial business-to-business companies with revenues between $250 million and $1 billion.

Silver Lake, ValueAct drop $3bn buyout(4)

Silver Lake’s and ValueAct Partners’ $3 billion buyout of data company Acxiom is the latest in a series of deals to fall apart in the wake of the credit crunch.

Kentucky commits $275m to alternatives(4)

Kentucky Retirement Systems has reportedly committed $275 million to alternatives, including $75 million to an emerging private equity manager programme – a growing trend among public pensions.

Diamond Castle-backed company files for bankruptcy

One of Diamond Castle Holdings’s eight portfolio companies owes between $100 million and $500 million, according to its Chapter 11 filing.

Conduit earns 3x return on Colombian power plant(4)

After a nearly decade-long holding period, New York-based Conduit Capital has successfully exited its stake in Colombia coal power plant Termotasajero.

TPG appoints head of Indonesia(4)

TPG has hired Southeast Asia banking vet Jerry Ng to lead its Indonesia business, as the firm looks to strengthen its position in that country’s financial services sector.

Princeton portfolio nets 24.7 percent return(4)

The Princeton University endowment returned 24.7 percent for the fiscal year 2006-2007, increasing its assets from $13 billion to $15.8 billion. The US endowment allocates 15 percent of its portfolio to private equity funds.