ML

Matt Levin

CalPERS commits $1.7bn across eight funds

CVC Capital Partners’ latest buyout fund leads the pack with a €500m commitment from the public pension giant.

2 min read · 04 January 2013

Primus closes sixth fund on $275m

The Cleveland, Ohio-based growth equity specialist has exceeded its target of $250m.

1 min read · 04 January 2013

Former Refco president gets 10-year prison sentence

Tone Grant plans to appeal his conviction for his role in the $2.4bn defrauding of TH Lee and other investors.

2 min read · 04 January 2013

The Google-killers?

A team of ex-Google engineers have debuted search engine Cuil to mixed reviews. Have VC firms Greylock, Madrone and Tugboat backed a contender or a start-up flop?

2 min read · 04 January 2013

Riverstone acquires Canadian oil company for C$1.3bn

The Carlyle energy affiliate has spun-out Gibson Energy Holdings from London-based oil giant Hunting.

1 min read · 04 January 2013

Oregon commits $250m to Apollo debt fund

The Oregon Investment Council has also retained its target allocation to private equity at 16 percent.

1 min read · 04 January 2013

Perseus leads $160m investment in specialty car maker

The Washington DC-based firm will provide growth equity to Three Seasons Capital-backed Vehicle Production Group, which has created a car for individuals with mobility problems, as well as taxis and other specialty markets. In related news, Perseus has likely lost out on its bid for bankrupt Frontier Airlines.

2 min read · 04 January 2013

ECP nearing first close on $1bn Africa fund

The private equity firm will likely hold a first close on more than $523m, topping its entire previous fund. Launched in the second quarter of this year, the fund will be one of the largest dedicated pan-Africa funds raised to date if it meets its target.

1 min read · 04 January 2013

CalPERS battles ‘denominator effect’

The $234.2bn pension is mulling a possible change to its private equity allocation, as the twin forces of sinking assets under management and shrinking distributions have combined for an overweighted alternatives exposure.

3 min read · 04 January 2013

ClearLight exits vocational school operator for $290m

The Southern California private equity firm has sold portfolio company US Education, netting a ‘strong return’, to vocational school giant Devry.

2 min read · 04 January 2013

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