News

Falconhead in 3x NYDJ exit as firm shifts fund model

Falconhead Capital LLC has scored a 3x return on its its invested capital in its exit from NYDJ Apparel LLC, a deal that closed on Monday, according to a person familiar with the transaction.

Alaska Permanent hires former StepStone executive Moseley

Steve Moseley, former president of the StepStone Group, has taken on a private equity role with the Alaska Permanent Fund, sister news service peHUB reported.

Pennsylvania public system loses long-serving board chairman UPDATE

The long-time chairman of the board at the Pennsylvania State Employees’ Retirement System, Nicholas Maiale, who helped move the system into alternative investments, has decided to step down amid an investigation into the system’s former CIO, sister news service peHUB reported.

Abbott Capital halfway to $400 mln target on buyout F-o-F III

A single cash infusion has brought fund-of-funds manager Abbott Capital Management LLC halfway to its goal for its third dedicated buyout fund.

Maranon tops $107 mln for second mezz fund

Maranon Capital LP continues to recharge its lending capacity. The Chicago leveraged lender has closed on $107.5 million for it sophomore mezzanine fund, according to regulatory filings, two months after the firm raised $330 million for its second senior credit fund.

Castlelake tops $500 mln for first independent fund

Distressed debt and aviation finance investor Castlelake LP, which separated itself in August from long-time buyout affiliate TPG Capital, has topped the $500 million mark for its first fund as an independent investment shop, according to a regulatory filing.

Giant Dutch pension fills out NY private equity investment team

APG Asset Management, the New York-based investment group of the huge Dutch pension administrator, has rounded out its senior investment team with the recent hire of Michael Dymond as a senior portfolio manager, a spokesperson told sister website peHUB.

Riverside scores second-largest gain in its history on exit

The Riverside Company has scored a major exit that marks the second-largest gain in its 25-year history.

Florida SBA considers slight hike in private equity target

The Florida State Board of Administration is considering increasing its target to private equity by 1 percentage point as it reduces its target to fixed income, according to sister publication peHub.

Citi sells off another private equity group

The Volcker rule has claimed another victim.