North America

European, emerging markets distributions soar

Realisations from 2005-2007 vintage funds – boosted in part by Europe’s improving debt markets – caused a significant spike in third quarter realisations, according to data released this week by Cambridge Associates.

Five Minutes with Darren Massara

NewQuest Capital Partners managing partner Darren Massara talks to PEI about the challenges in Asia's undeveloped secondaries market.

Accel London closes $475m fund in just eight weeks

The London arm of US-based VC group Accel Partners has bucked the dismal fundraising trend for European venture by racing to its target, thanks to strong support from US investors.

Resilience buys stake in aircraft parts company

Resilience Capital has acquired an aircraft parts distributor that may benefit from US sequestration, which could limit the military’s ability to buy new aircraft, says co-CEO Steve Rosen.

SJF Ventures nears target for Fund III

The growth equity investor is expected to close its Fund III on roughly $75m before the end of April, more than twice the size of its $28m predecessor fund.

PEI Asia Forum: Valuations ‘really matter’

GPs must prioritise getting reasonable valuations in Asia, with PIPE deals often limiting the ability to enter at good prices or influence businesses, according to speakers at PEI's Asia Forum.

Avenue’s Lasry may get ambassadorship

It is unclear what co-founder Marc Lasry’s departure would mean for Avenue Capital. Pensions documents list him as a key man on the firm’s most recent special situations fund.

CPPIB’s Wiseman argues for long-term investing

The president and CEO of the Canadian pension giant argued for the need for long-term thinking when investing in real estate, as well as other alternative assets, in an address to the Canadian Australian Chamber of Commerce.

Australia bid-rigging suit ends in $22.4m fine

Castle Harlan’s one day flip of a Canadian mining company has resulted in an eight-figure fine for Australian trade buyer Bradken.

US indicts former CalPERS officials

Former CalPERS CEO Federico Buenrostro and placement agent Al Villalobos face charges for allegedly forging disclosure letters certifying that CalPERS knew Villalobos’ placement agency was working on raising various Apollo funds.