New Mountain Capital related stories
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OREGON PUBLIC EMPLOYEES RETIREMENT FUNDOREGON PUBLIC EMPLOYEES RETIREMENT FUND 2006-09-02 Staff Writer Head office Tel: +1 503 378 4111350 Winter Street, NEFax: +1 503 378 6772Suite 100www.ost.state.or.usSalem, OR 97301-3896USAASSETS / FUNDS UNDER MANAGEMENT$57 billionINITIAL PRIVATE EQUITY INVESTMENT1981APPROX. NUMBER
- Stone Point to buy Ford division
The Greenwich, Connecticut-based firm has made an agreement to buy the automobile maker’s service contract provider, Automobile Protection Corporation.
- Warburg Pincus leads creation of reinsurance platform
Warburg Pincus, a global private equity firm, has led the $500m formation of Aeolus Re, a Bermuda-based reinsurance company.
- Firms back major reinsurance spinout
French asset management and financial protection business AXA Group has accepted a Stone Point Capital-led bid for its reinsurance subsdiary AXA Re.
- Stone Point, Lightyear back major insurance deals
In separate insurance deals, former Marsh affiliate Stone Point has led the capitalisation of a new reinsurance platform with $1.5bn, while Lightyear has acquired an insurance division from White Mountains Insurance Group.
- Blackstone nabs Perry pro for hedge fund
Blackstone has hired Manish Mittal away from hedge fund giant Perry Capital to launch a long/short equity investment platform.
- CalPERS’ Hayes leaves for Oak Hill
Rick Hayes, the head of CalPERS’ huge and influential private equity programme, has resigned to lead a fund of funds business for Oak Hill Capital Management, the alternative investment firm affiliated with oil billionaire Robert Bass.