The past three US vice presidents have all left public life to join private equity firms – now, even those who didn’t win a presidential election are cashing in on the trend. By Paul Fruchbom.
3 min read · 30 December 2012
Six months after its acquisition of New Skies Satellites, The Blackstone Group has taken the satellite operator public in a $200m IPO, valuing the firm’s equity at almost three times its initial investment.
2 min read · 30 December 2012
Amid recent staff turnover and the launch of an internationally focused subsidiary, the private equity advisory firm has separated its direct investment and institutional management arms into two different business units to create more operating focus.
2 min read · 30 December 2012
Hamilton Lane recently hired former World Bank principal investment officer Francesco Mainolfi to run its hedge fund of funds business. In an interview, Mainolfi said that a more sophisticated level of ‘convergence’ may soon emerge in the private equity world.
2 min read · 30 December 2012
After investments ranging over 11 years and three private equity funds, Hicks Muse has finally exited its holdings in Clear Channel, resulting in a loss for its Fund IV investors.
3 min read · 30 December 2012
Guggenheim Aviation Partners has closed a new fund to purchase used passenger planes, partnering Guggenheim Capital with a group of aircraft lease experts.
1 min read · 30 December 2012
Mohamed El-Erian, the newly appointed head of Harvard Management Company, brings serious credentials as an emerging markets investor to the influential endowment.
4 min read · 30 December 2012
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
3 min read · 30 December 2012
