Bank of America related stories
All articles and analysis
New York selects BofA to invest $200mThe $153bn pension allocated $200m to Bank of America for investments with emerging managers, and $350m to minority-owned Parish Capital as part of its emerging private equity managers programme.
- WL Ross purchases bank assets
The distressed buyout firm’s acquisition of nearly 70% of First Bank & Trust could lead to further banking asset purchases in the future.
- Vestar promotes three
The First Boston spin-out has promoted three of its principals to managing director across its resources, financial services and consumer and business services groups.
- Chicago pension commits $15m to secondaries
The $850m Chicago Firemen’s Annuity and Benefit Fund will make a third secondaries investment by the end of the month.
- EMP Global makes senior hires
The emerging markets private equity specialist, acquired by BMB Group earlier in the week, has hired Chun Min Pang, the former head of Aureos China and Samir Soota, co-founder of investment services firm Principia Management.
- Distressed funds call on Conversus
As unfunded commitments are looking harder to meet, the Euronext-listed fund of funds is receiving increased calls from its managers of distressed funds.
- UK pension plans still warm towards real estate
A survey of UK pension fund trustees has found that more than a quarter are planning to increase allocations to commercial real estate, while around half will maintain their exposure over the medium term.
- KKR Financial suspends dividend for Q3
KKR's publicly listed debt affiliate made $49m in third quarter profits but will suspend its dividend to preserve liquidity.
- KKR hires BoA executive to lead communications
Peter McKillop, a senior communications executive for Bank of America, has agreed to join the private equity mega-firm to ‘tell the KKR story’. KKR recently put off its IPO, expected to complete this year, until 2009.
- Conversus stops paying dividends
The Euronext-traded fund of funds expects that half of its commitments in the next 12 months will be in the secondary market.