Paul Fruchbom
Mohamed El-Erian, the newly appointed head of Harvard Management Company, brings serious credentials as an emerging markets investor to the influential endowment.
The global ING-affiliated private equity firm has closed its fourth primary fund of funds on $250 million.
The country’s $133bn pension fund has pledged $350m to two Asian private equity funds as it looks to commit $7bn to the sector over the next five years.
Following recent “investigations” by South Korean authorities into several US private equity firms, the country’s $130bn public pension scheme recently announced plans to invest $7bn in buyout funds over the next five years.
The private equity firm has agreed to purchase $1.8bn of New York City property from real estate mogul and TV personality Donald Trump.
In a $495m deal, New York’s Odyssey Investment Partners will acquire Norcross Safety Products from Trimaran Capital Partners, John Hancock Life Insurance Company and CIVC Partners.
The New York-based private equity firm is opening an office in India, as well as earmarking $1bn for investment in the country.
A few months after CalPERS chief investment officer Mark Anson warned of a private equity “bubble”, the board of the California pension fund will soon decide whether to give him more autonomy in making private equity allocation decisions. By Paul Fruchbom
A month after retiring as a senior advisor at The Carlyle Group, the former secretary of state has joined the Dallas-based private equity firm, founded by former Carlyle professionals, as a partner.
The New York-based mezzanine firm closed its fourth fund on $800m, four times as large as its last vehicle.