The chemicals and health care specialist has promoted former Goldman Sachs managing director Clark Winter to develop the firm’s investment strategy. SK Capital, an affiliate of merchant bank The Valence Group, has announced one buyout to date.
1 min read · 05 January 2013
The captive venture capital wing has hired Jeff Schrock as a Seattle-based investment manager focused on the 'digital home' sector. The former Yahoo! vice president spent less than a year at Monster Venture Partners.
1 min read · 05 January 2013
The Boston-based fund of funds manager will invest a separate account for the $27.9bn Alaska Permanent Fund. In a separate action, the oil fund approved a minimum $200m commitment to its gatekeepers for each of the next five years.
1 min read · 05 January 2013
A joint partnership between Venture Partners Botswana and the Botswana Medical Aid Society has purchased a 90% stake in Medical Rescue International Botswana.
1 min read · 05 January 2013
The pan-African specialist will take board seats on Finagestion, a water and power supplier for Côte d’Ivoire and Senegal.
2 min read · 05 January 2013
The $29.3bn Pennsylvania State Employees’ Retirement System has put off approving commitments to two private equity and two venture funds, including Hellman & Friedman’s latest vehicle. The pension reported an investment return of -14.4% through the third quarter.
2 min read · 05 January 2013
Chris Rolling and Ashley Unwin will lose their jobs following a cash infusion at the troubled music group.
2 min read · 05 January 2013
Chicago Mayor Richard Daley has approved the bid from the investment bank’s infrastructure group to operate the city’s 36,000 metered parking spaces. The bid, if given approval by city council, would be the first long-term privatisation of a major metropolitan parking system in the US.
3 min read · 05 January 2013
The Australian investment firm is planning to shed its real estate and operating leasing units after announcing it would retain them this summer. The struggling publicly listed firm will slash its workforce by more than 800 in an effort to repay A$3.1bn in debt.
2 min read · 05 January 2013
The $147bn US pension will decide today whether it will respond to the denominator effect by increasing the amount it is allowed to invest in real estate to 17% of total assets.
3 min read · 05 January 2013
