1 min read · 03 August 2009
African Capital Alliance has held a $200 million first close on its third private equity fund, which invests in Nigeria and the West African sub-region. It is targeting $350 million. Limited partners include CDC Group, the European Investment Bank, the International Finance Corp., Netherlands Development Finance Corp., First Trustees Nigeria, AIICO Insurance and Africa Re-insurance Corp.
2 min read · 03 August 2009
Guggenheim Partners, a financial services firm with private equity and venture capital affiliates, has agreed to acquire Claymore Group, a provider of ETFs, closed-end funds and unit investment trusts. No financial terms were disclosed for the deal, which is expected to close later this quarter.
3 min read · 03 August 2009
Hicks Acquisition Company I (AMEX: TOH), a blank check vehicle run by Tom Hicks, has agreed to acquire Resolute Natural Resources Co., an independent oil and gas company founded in 2004 by Natural Gas Partners. Hicks would value Resolute at $582 million, rename it Resolute Energy Corp. and apply to list it on the NYSE. NGP would remain a minority shareholder.
9 min read · 03 August 2009
1 min read · 03 August 2009
1 min read · 03 August 2009
1 min read · 03 August 2009
1 min read · 03 August 2009
1 min read · 03 August 2009
Zak Doehla has been named chief alternatives investments officer for the Teachers' Retirement System of Illinois. He previously was an associate director of Orix USA Corp. He succeeds Lamar Villere, who recently left to run private equity for the Tennessee Consolidated Retirement System.
2 min read · 02 August 2009
