The $850m Chicago Firemen’s Annuity and Benefit Fund will make a third secondaries investment by the end of the month.
1 min read · 05 January 2013
The specialised venture firm has brought on three venture partners in healthcare and biotechnology. Gary Velasquez is returning to his post after four years helming a portfolio company, and Kevin Barrett is a joint hire with Bain Capital Ventures. Sarah Bodary joins the firm from Genentech, where she worked as a biologist.
2 min read · 05 January 2013
The Colombian private equity firm has held an initial close with commitments from domestic investors before seeking an additional $35m from international investors.
1 min read · 05 January 2013
In a worrying sign for a major LBO deal, the semiconductor company, bought out by a constortium of private equity investors for $17.6bn two years ago, has chosen to service a portion of its debt through in-kind securities in order to preserve cash.
2 min read · 05 January 2013
Publicly listed energy producer Reliant Energy has concluded the termination of a $350m agreement for a sale of stock to the energy specialist. Reliant also called off a $650m loan agreement with Goldman Sachs.
2 min read · 05 January 2013
The Vietnam-focused private equity firm has exited its investment in Saigon Gas Holding, made from the firm’s debut fund, which closed on $18.5m in 2002.
1 min read · 05 January 2013
Venture firm Rustic Canyon has sold its stake in 19 companies from its decade-old debut fund. The firm also has sold 20% of its holdings in eight Fund II portfolio companies in order to provide liquidity to the firm’s largest LP.
2 min read · 05 January 2013
The Paul Royalty Funds spin-out has deployed capital rapidly, making five investments to date from its $500m debut fund, which closed this past July.
1 min read · 05 January 2013
The mid-market firms will pick up a majority stake in the private equity-established energy logistics company. Founders Northwest Capital Appreciation and RBC Capital Partners will retain equity stakes.
2 min read · 05 January 2013
The mortgage and auto lender has extended the deadline of its tender offers as a last ditch effort to meet the capital requirement of $30bn.
1 min read · 05 January 2013
