The Gores Group has shut down its $1bn deal for autoparts retailer Pep Boys nearly four months after announcing the acquisition.
2 min read · 08 February 2013
Recent US Securities and Exchange Commission filings indicate the firm, led by Glenn August (pictured) has raised $770m as it shoots for a newly-increased $1bn target.
2 min read · 08 February 2013
After acquiring a $5.8m fund stake from another investor and assuming $14.2m in uncalled commitments, New Jersey’s Division of Investment now has a 15.5% stake in Tenex’s debut vehicle.
2 min read · 08 February 2013
Nasdaq glitches, weak forecasts and an investor lawsuit have plagued social media giant Facebook in the days following its blockbuster IPO.
3 min read · 08 February 2013
The position will be responsible for managing the $39bn endowment’s $5bn private market co-investment programme, which consists of private equity, infrastructure and other strategies.
2 min read · 08 February 2013
The $12.78bn retirement system has invested $100m across five funds since its February meetings.
2 min read · 08 February 2013
The President’s recent attacks on Mitt Romney and Bain Capital were openly criticised by noted Obama ally Newark, New Jersey Mayor Cory Booker over the weekend.
3 min read · 08 February 2013
The $39bn retirement system invested in vehicles managed by Oaktree Capital Management, GGV Capital and Institutional Venture Partners.
2 min read · 08 February 2013
The University of Michigan unveiled investments in two recently closed vehicles at its meeting Thursday in addition to a $30m commitment to Stone Tower Capital, which was recently acquired by Apollo Global Management.
2 min read · 08 February 2013
Facebook has raised $16bn in its IPO, valuing it at $104bn. Accel, Greylock, Elevation, Goldman, Meritech and Millennium are among the firms with potential exits to celebrate.
2 min read · 08 February 2013
