North America

Sycamore closes second fund on $2.5bn

<p>New York-based Sycamore has closed its second fund on the $2.5 billion target</p> <p><span lang="EN-GB"> </span> </p>

New York City bans placement agents for pension funds

<span style="font-family: Calibri, sans-serif; font-size: 11pt;">In an effort to weed out corruption, New York City pensions are tightening compliance rules and cutting out middlemen.</span>

Oaktree to buy Highstar

<p><span lang="EN-GB" style="font-size: 11pt; font-family: Calibri, sans-serif;">The $86bn alternatives manager has agreed to acquire the infrastructure fund manager for an undisclosed sum. Both firms are based in the US.</span><span lang="EN-GB" style="font-size: 11pt; font-family: Calibri, sans-serif;"></span></p> <span lang="EN-GB" style="font-size: 11pt; font-family: Calibri, sans-serif;"></span>

Shore Capital Partners closes first fund on $112.5m

<p>The Chicago-based firm will focus on healthcare in North America.</p> <p class="Body"> </p>

Carrick raises $16.3m for cloud services company

<p><span style="font-size: 12pt;">San Francisco-based Carrick Capital Partners has raised a $16.3 million Series B round for Infrascale.</span></p> <!--StartFragment--><p class="xmsonormal"><span style="font-size: 12pt; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"></span></p> <!--EndFragment-->

Sun Capital books $1bn plus exit on specialty chemicals company(2)

<p>Sun Capital will sell Emerald Performance Materials to American Securities for a 9x return.</p> <p> </p>

Sun Capital books $1bn plus exit on specialty chemicals company

<p>Sun Capital will sell Emerald Performance Materials to American Securities for a 9x return.</p> <p> </p>

Lightyear completes RidgeWorth Investments buyout at $265m

<p>Atlanta-based RidgeWorth Investments will close and become an independent, employee owned investment firm with backing from Lightyear Capital.</p> <p> </p>

GIC and Insight buy iParadigms for $752m

<p>Current owner Warburg Pincus gained a 6x return on its investment from the sale.</p>

Aquiline hires Susquehanna co-founder La Ruffa

<p>Vincenzo La Ruffa will join New York-based Aquiline to focus on FinTech.</p> <p> </p>