The private equity firm’s credit subsidiary, GSO Capital Partners, has closed its most recent mezzanine fund as demand for subordinated debt remains strong. The unit has also raised four CLOs and purchased $7.8bn in leveraged loans.
2 min read · 04 January 2013
MML Capital Partners, formerly known as Mezzanine Management, has led a mezzanine investment in Yonkers Raceway alongside limited partner New York Life Insurance Company affiliate New York Life Capital Partners.
2 min read · 04 January 2013
Direct secondary investment firm Accretive Exit Capital Partners has closed its HarbourVest-backed debut fund on $125m and paid Evercore Capital Partners $110m for stakes in five assets. With its debut fund nearly fully deployed, Accretive will soon head to market with a fund targeting $300m to $400m.
3 min read · 04 January 2013
Steven Rattner, after 23 years with the firm formerly known as Donaldson Lufkin & Jenrette, will retire to be replaced by fellow veteran Nicole Arnaboldi. Arnaboldi will take on the chairman responsibilities in addition to her current role.
2 min read · 04 January 2013
For-profit education investor Apollo Global, 20 percent of which is owned by Carlyle, has purchased from Carlyle Mexico Partners 65 percent of a Mexican university valued at $47m.
2 min read · 04 January 2013
The California-based firm, which invests in seed and early stage healthcare companies, has brought its capital under management to a total of $1.6bn with the closure of its fourth fund after two months in the market.
1 min read · 04 January 2013
Billionaire Alec Gores’ private equity firm has joined up with The Four Star Group, which counts five former generals among its principals, to pursue investments in military-related sectors.
1 min read · 04 January 2013
The Middle East- and London-based investment manager has reported its second strongest year even as net income declined and the pace of private equity deals slowed.
2 min read · 04 January 2013
Following a 5 percent loss in the month of June, the $11.4 billion State Board of Investment has made a fresh round of commitments to three private equity funds.
1 min read · 04 January 2013
Despite a string of corporate venture capital arms failing after a late 90s boom, corporations are moving full steam ahead – or in some cases re-entering – into venture investing. Corporate VC arms say they have developed a deeper understanding of portfolio management options.
3 min read · 04 January 2013
