Bank of America related stories
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Rothschild FoF spins outUpdated risk-based capital holding requirements have spurred the French family banking group to offload its private equity fund of funds business to management, led by David Seligman.
- Federal Reserve, FDIC approve Volcker rule
The FDIC’s board voted unanimously to seek comments on the proposal through 13 January. The Federal Reserve also stated it would accept feedback by that date.
- Highstar in $300m midstream JV
The New York-based infrastructure private equity firm has agreed to invest in Caiman Energy from its fourth fund, which is targeting $3.5bn.
- Secondaries firms watch October rules deadline
US regulators are scheduled to finalise implementation rules restricting bank-owned private equity by 18 October, which some sources said could lead to an uptick in sales.
- AXA Private Equity nears $3bn for fifth fund
The firm’s fifth secondaries fund of funds, launched late last year, is approaching its $3.5bn target.
- AXA secondaries spree passes $5bn mark
AXA Private Equity continues to capitalise on regulations which make private equity assets less attractive to banks, sealing its fourth secondaries deal to take the value of its recent portfolio acquisitions to $5.1bn.
- Extended Stay creditors sue Blackstone
Creditors for the hotel chain claim Blackstone and real estate firm Lightstone Group left the company insolvent, and are seeking $8bn.
- AXA bags another bank’s private equity portfolio
French group AXA Private Equity, led by Dominique Senequier (pictured), has sealed the acquisition of a $1.7bn portfolio of assets from Citigroup, 14 months after a similar deal with Bank of America.
- NYS Teachers’ seeks PE manager
The $89bn pension fund is searching for an in-house private equity manager to assist with international funds.
- Key Principal Partners spins out of KeyCorp
The small-market mezzanine lender has become independent as financial institution KeyCorp sheds non-core operations in response to stricter rules on bank-owned private equity. The firm’s third fund is about 80% drawn.