Bank of America Merrill Lynch related stories
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CapDyn's Brazil head moves to Hamilton LaneHamilton Lane has opened an office in Rio de Janeiro led by Felipe Caldas, who last year had been named Capital Dynamics' Brazil head. Former CapDyn executive Ricardo Silva also joins him.
- Astorg sells Photonis back to AXA after three years
French buyout firm Astorg has sold optical equipment maker Photonis back to AXA Private Equity for €510m, double the amount it paid its peer in 2008 when it acquired the company.
- Lazard loses another fundraiser
The Private Fund Advisory Group at Lazard has lost a group of high-level placement agents in the past few years, but the team overall has tripled in size since its inception in 2003.
- Actera to launch second Turkey fund this year
The Istanbul-based buyout firm is expected to target about €500m for its second fund, which will launch in the second half of 2011.
- BlackRock targets direct private equity
Asset management group BlackRock is planning a move into direct private equity investments, almost two decades after if spun out of buyout firm Blackstone Group.
- Goldman partner to head another Russian institution
VTB Capital has become the second Russian-state backed institution in a week to hire a Goldman Sachs partner, appointing Atanas Bostandjiev as its CEO.
- VSS in 3x software exit to KKR
Veronis Suhler Stevenson has sold financial data and software company Ipreo to KKR. VSS created its financial information platform in 2003, says partner Scott Troeller.
- Senior CPPIB executive to step down
John Breen, head of funds and secondaries at CPPIB, also serves as vice chair at ILPA. It's unclear whether he will leave ILPA, which would be a 'huge loss', says ILPA executive director Kathy Jeramaz-Larson.
- BofA to spin off $5bn Merrill PE group
BAML Capital Partners, which has been overseen by James Forbes, will become an independent firm and eventually raise third-party capital. Forbes will stay with BofA.
- VSS expands debt team
The firm hired former Merrill Lynch executive James Dunleavy as it expands its ‘internal capabilities’ around providing senior debt. The firm also has plans to launch a fifth private equity fund.