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Portfolio Advisors hires co-founder of New York Life Capital

Adam Clemens was responsible for co-investment, mezzanine and limited partnership investing at New York Life Capital Partners.

Istithmar World CEO quits

David Jackson has resigned just over one month after the embattled state-owned conglomerate underlined its support for the company.

Providence adds to debt investment team

Former GoldenTree partner Oliver Wriedt is joining the firm’s capital markets group, which was created in 2008 by former Deutsche Bank Securities CEO Thomas Gahan.

Former Korean minister joins Darby Hana

Ho Shik Kim will advise the Korea Emerging Infrastructure Fund, which the partnership jointly manages.

Macquarie promotes Puget, I-595 dealmakers

Andrew Chapman and Rob Kupchak, who led Macquarie’s $7.9bn buyout of Washington State utility Puget Energy and Chris Voyce and Arnon Klein, who advised ACS on its $1.6bn I-595 toll road deal, have each received promotions this year.

Gresham boosts team with ex-Rothschild banker

Mark Blower joins the firm as investment partner in Manchester, having previously run teams for NM Rothschild and Lloyds Acquisition Finance.

Carlyle promotes seven to MD

Among those to be rewarded with new titles are three buyout executives and one real estate professional. The firm made a total of 33 staff promotions.

Colony taps Brent Elkins from Morgan Stanley Real Estate

The former Morgan Stanley and AMB executive has joined Colony Capital to help the Los Angeles-based firm develop new funds. Colony is targeting $5.25bn for its two latest vehicles.

Bondholder sues Colony-backed Station

Station Casinos’ proposed debt restructuring has met with anger from some bondholders. A lawsuit alleges the plan is 'ungentlemanly', favouring a limited number of senior note holders. Station said the lawsuit was 'without merit'.

Haiku of the month

Postmark: Grand Caymans Dear SEC, I refuse To get registered