New Mexico's $13bn state pension scheme has approved $60m in commitments to three private equity funds, including Quantum’s energy exploration fund.
2 min read · 04 January 2013
The US state's $37.6bn national oil fund has launched a $400m fund of funds targeting middle market companies, a departure from its previous private equity programme. It has also made commitments to Goldman Sachs’ and Alinda’s latest infrastructure funds.
2 min read · 04 January 2013
Apollo Global Management, Leon Black's investment firm, is recruiting real estate professionals. The move could present a challenge to a seperate firm called Apollo Real Estate Advisors, in which Black owns a minority stake.
2 min read · 04 January 2013
The US pension has made commitments to private equity and real estate funds including $79m to Charterhouse Capital’s ninth European buyout fund and $9 million to a sidecar vehicle associated with Battery Ventures’ eighth fund.
2 min read · 04 January 2013
The London-based buyout firm is opening an operation in France recruiting former NewBridge co-founder Didier Riebel and ex-SPEF LBO managing director Laurent Allégot. The firm is targeting €100m with its first dedicated French vehicle.
2 min read · 04 January 2013
Casino operator Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress- and Centerbridge-led deal was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 min read · 04 January 2013
Allocations to the private equity and real estate asset classes are expected to rise by more than 20 percent over the next two years, a study by JP Morgan Asset Management has shown, as institutional investors reveal such strategies are no longer ‘alternative’ at all.
2 min read · 04 January 2013
Global Infrastructure Partners and energy company Fortistar have acquired bankrupt Texas power generation plant Channelview after US courts approved the deal last month.
2 min read · 04 January 2013
The Connecticut-based placement agent has hired former Cengage Learning chief operating officer Jerry Elliott to take over some of the responsibilities of founder and CEO Charles Eaton. The firm has also appointed four executives to its private equity and real estate operations.
2 min read · 04 January 2013
Steve & Barry’s, the discount clothes retailer with 276 stores across the US, cites a ‘liquidity shortfall’ after it filed for Chapter 11 bankruptcy protection. Boston-based private equity firm TA Associates held a minority stake in the firm.
2 min read · 04 January 2013
