Sam Sutton

3i leads Brazil eyeglass deal

3i has teamed with Neuberger Berman and Siguler Guff to acquire Brazilian eyeglass retailer Óticas Carol in a R$108m deal.

Pennsylvania SERS commits $50m each to H.I.G., KPS

KPS Capital Partners’ recent success on the fundraising trail continues with a $50m commitment from the $25.3bn Pennsylvania State Employees’ Retirement System.

Carlyle eyes Jakarta office

The Carlyle Group is considering opening an office in Jakarta to improve access to Southeast Asian markets, says COO Glenn Youngkin.

Energy Future Holding’s uncertain future

Five years after being acquired for $48bn by KKR and TPG, the prognosis of Energy Future Holdings has grown bleak.

Louisiana Teachers’ backs KPS for $75m

The Teachers’ Retirement System of Louisiana is the latest institutional investor to back KPS’ Special Situations Fund IV. The predecessor vehicle had generated a 19.3% net IRR as of 30 June.

New York Common commits $300m to RRJ

The New York State Common Retirement Fund has also secured a €7.9m secondary stake in Stirling Square Capital Partners Fund II through a separately managed account.

Pagliuca: Bain helped create ‘hundreds of thousands of jobs’

Bain Capital managing director Steve Pagliuca claimed the firm’s investments have created ‘hundreds of thousands of jobs’ at an industry conference last week, and arguably did a better job than Mitt Romney explaining the numbers.

Brazil: Cooling off period

The slowdown in Brazil’s economic growth – and a possible over-supply of capital – has led some to question whether the country is still a viable destination for private equity investment

Privately Speaking: New Mexico State Investment Council

Only a few short years after it was torn apart by a pay-to-play scandal, the New Mexico State Investment Council has re-established itself as one of the most important limited partners in the industry, delivering top quartile returns. Sam Sutton meets state investment officer Steven Moise and deputy Vince Smith to find out how they turned things around

Neuberger hires Carlyle mezz executive

Neuberger Berman has brought on a founding member of The Carlyle Group’s mezzanine unit to lead its new private debt business, according to a statement.