ML

Matt Levin

Cerberus denies selling more Chrysler, GMAC equity

The publicity-shy buyout group says it has not made any changes to its GMAC and Chrysler holdings beyond original co-investments.

2 min read · 04 January 2013

Harvard endowment chief outlines opportunities amid grim credit conditions

Robert Kaplan offered a gathering of midmarket buyout professionals a gloomy vision for the credit markets while noting that the dislocation also provides premium investment opportunities 'if you have the dry powder'.

1 min read · 04 January 2013

First Reserve seeds energy insurer with $720m

The private equity energy giant has made its largest-ever investment into specialised insurance with its support of London-based Torus Insurance.

2 min read · 04 January 2013

CalPERS posts $12.1bn first quarter loss, makes $2.2bn in commitments

The influential institutional investor saw its alternative investment program return 5.3 percent, while public equities languished.

2 min read · 04 January 2013

Monarch launches first private equity-style fund

The hedge fund manager has launched a distressed debt fund ‘with private equity features’, targeting up to $600m; Blackstone has reportedly launched its own debt vehicle seeking $1.5 billion.

2 min read · 04 January 2013

Report: Goldman leveraged finance head to manage in-house debt fund

Tom Connolly, formerly director of the investment bank’s US leveraged finance unit, will reportedly join Goldman’s private equity arm as more and more firms look to invest in debt.

2 min read · 04 January 2013

Platinum Equity exits steel processor for $1.1bn

The Tom Gores-led firm will sell PNA Group to Reliance Steel & Aluminum, just two years after acquiring the Atlanta-based steel maker.

1 min read · 04 January 2013

Saban Capital adds to digital media group

The Haim Saban-led investment firm has hired former Blueprint Ventures principal Richard Yen to help direct its expansion into non-traditional media.

2 min read · 04 January 2013

Blackstone to buy home healthcare provider for $1.6bn

Apria Healthcare Group has also secured a $280m credit facility in conjunction with the take-private, a positive sign for the leveraged buyout world as healthcare continues to be a favored target.

2 min read · 04 January 2013

NBC fund, GMT buy German game developer for €70m

The network’s Peacock Equity Fund and GMT Communications Partners have purchased a majority stake in Hamburg-based Bigpoint, which will produce games for NBC-affiliated websites.

2 min read · 04 January 2013

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