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Carlyle head of financial services group resigns – reportsOlivier Sarkozy's departure comes less than a week after the firm announced Mitch Petrick, head of global market strategies at the Carlyle Group, will step down to launch his own firm.
- Abraaj closes in on target for Turkey fund – Exclusive
The firm is braving macro headwinds as it seeks $500m for its debut Turkey-dedicated vehicle.
- Norway’s sovereign fund feels Panama Papers heat
Norwegians protested the world’s biggest sovereign wealth fund, criticising its investments in companies that use tax havens.
- TransPacific Group hires director in Hong Kong – exclusive
The placement agent, which focuses solely on Asian institutional investors, has hired Luke Chun from Shinhan Investment Asia.
- Goldman Sachs’ Sanjeev Mehra to retire
The 30-year private equity veteran will be stepping down from his role as vice chairman to become an advisory director.
- BlackRock plans Asia focused fund of funds
The firm has yet to announce a fundraising target.
- Adams Street promotes seven to partner
The firm has promoted seven principals to partner across its offices in Chicago, Beijing, London, Boston and Menlo Park.
- Former GSO, KKR execs start credit firm
Doug Ostrover, one of the founders of GSO Capital Partners, and Marc Lipschultz, KKR’s head of energy and infrastructure, are launching Owl Rock Capital to invest in private loans. The duo are raising a private fund and setting up a BDC.
- Adams Street taps Oaktree execs for private credit launch
The private equity manager is making its debut in private debt by hiring Bill Sacher and Shahab Rashid, who formerly held senior roles in Oaktree’s mezzanine group, and by opening a New York office.
- Taking aim at private equity’s male persona
Level 20 is an important industry initiative to increase female participation in the alternative investment industry – aiming to boost diversity not for diversity’s sake, but to improve investment performance.