Matt Levin

A new wave of alternative investment in the developing world is fundamentally different than past expansions, Harvard professor Josh Lerner told attendees at the 2008 Emerging Markets Private Equity Forum in New York, co-hosted by Private Equity International and EMPEA.

The $8.7 billion San Diego County Employees Retirement Association has committed $75 million to Macquarie Infrastructure Partners II, in line with a new allocation to infrastructure investment.

In a memo to investors, Oaktree head Howard Marks cites runaway leverage and fair value accounting as primary culprits in a ‘broad-gauged and systemic’ crisis.

The First Chicago Equity spin-off has sold a controlling interest to Richard Kiphart investment group.

Marathon Acquisition, headed by former Apollo exec Michael Gross, will buy a majority stake in Global Ship Lease, part of a growing trend of private equity execs drifting toward SPACS.

Following Harvard’s purchase of a 12.5 percent stake in the alternative asset manager, Rio-based Gavea Investimentos is nearing $6 billion in assets under management.

Following Bain’s termination of a $2.2 billion buyout, 3Com says the move was not ‘valid’.

The activity includes commitments to Advent and Summit.

The firm committed $37 million of its $500 million fund to purchase a minority stake in Complinet, a London-based financial information services provider.

Nearly double the size of its predecessor, the fund has already been 20 percent invested by the firm co-founded by Jerome Kohlberg, a founding partner of KKR who effectively retired from the private equity industry in 1994.