Bloomberg related stories
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Zell-helmed firm targets $1bn for distressed debtEquity Group Investments, a private equity vehicle backed by billionaire investor Sam Zell, is targeting $1bn for its next fund, which will focus on distressed debt.
- Behrman completes Fund III restructuring
CPPIB has anchored a vehicle managed by the Grant Behrman-led firm to house five portfolio companies. The companies will pay an exit fee used mostly to cash out existing LPs.
- TPG scores exit with $1.2bn Bayer deal
The sale of vitamin maker Schiff is expected to produce a healthy return for TPG's growth arm, which helped to bring in a new management team and led two add-on acquisitions.
- San Diego pension re-ups with GSO 'recovery' fund
The pension has approved a $90m commitment to GSO Capital Solutions II, which will provide capital to companies need financial support.
- Sterling Partners hires ex-Fannie Mae CEO
Michael Williams led Fannie Mae through its government conservatorship following the US mortgage crisis.
- University of Michigan commits $15m to Huron
The Detroit mid-market specialist will target investments in US and Canadian businesses, improving portfolio companies through add-ons and operational strategies.
- Betting on gambling
As Los Angeles-based Colony Capital launches a bid to acquire casino operator Station Casinos, the gambling play is becoming a more attractive bet to private equity real estate firms. By Aaron Lovell.
- Cerberus buys Austrian lender
The New York-based private investment giant has further expanded its European presence with the acquisition of BAWAG bank.
- Senior Credit Suisse CLO manager joins 3i
Andrew Bellis, a senior CLO manager at Credit Suisse, has joined 3i Debt Management as a partner in a further sign of the group’s ambitious growth plans.
- Wisconsin shops $720m portfolio
The state investment board wants to reduce its exposure to the largest funds in the market and is selling stakes in funds managed by KKR, Charterhouse, Carlyle and Blackstone.