Sushil Cheema

TA sees 3.2x return in UK exit

The Boston-based firm has sold Drive Assist to Charterhouse Capital Partners for $500m.

Vornado bows to Blackstone EOP victory

Following the exit of Vornado Realty Trust from the bidding, Equity Office’s shareholders have given the green light to the largest private equity deal to date by approving Blackstone’s offer of $39bn. The deal includes a Blackstone equity cheque of $3.75bn.

SAM spin-out launches ‘clean tech’ firm(2)

The Zurich and Montreal team has bought the venture capital assets of SAM and created a clean technology investment firm: Emerald Technology Ventures.

Nokia expands fund of funds(2)

The company’s private equity arm will aim $100m at to back venture funds targeting emerging markets and sectors beyond Nokia’s core business.

Tom Rest to join AIGGIG(2)

The manager of private equity at the New York State Teachers’ Retirement System will become a vice president in AIG’s fund of funds business.

TPG middle-market fund adds Oregon as LP(2)

Texas Pacific’s new STAR affiliate has secured a $75m commitment from long-time backer Oregon.

Private equity firms considering Chrysler(2)

The carmaker has reportedly begun shopping itself to private equity firms, including Apollo Management, The Blackstone Group, The Carlyle Group and Cerberus Capital Management.

Carlyle raises $134m for debut Mexico fund(2)

Twenty-nine percent of the fund has already been invested in two portfolio companies, both bought in 2005.

CalSTRS in search of alternatives consultant(2)

The California State Teacher’s Retirement System began the search after shifting its focus from fixed income assets to alternatives assets late last year.

Lightyear Capital closes second fund(2)

The New York-based firm has surpassed its target goal of $800 million with the closing of its new $850 million fund.