Private Equity

North America

Fortress asks LPs for money to pay down debt

The Wes Edens-led firm is approaching LPs in a 2007 $1.2bn co-investment fund for money to pay down debt in the portfolio.

1 min read · 05 January 2013

Huntsman Gay hires Bain exec to head IR

Ben Thorndike was hired from Bain Capital as managing director and head of investor relations. Thorndike was director of IR at Bain.

2 min read · 05 January 2013

Hermes and Gartmore merge funds of funds

The new firm, Hermes GPE, will look to acquire in-house private equity programmes from asset managers getting out of the business, said CEO Alan MacKay.

2 min read · 05 January 2013

Agents provocateur

The various placement ‘bans’ may be softened, but fundraisers must better police their own market for rogue actors

2 min read · 05 January 2013

3i hires VSS executive for IR

The listed firm has brought on VSS’ James Rutherfurd to flesh out its North American investor relations team.

2 min read · 05 January 2013

Welsh Carson makes $100m dental acquisition

The New York firm is expanding its portfolio company, GeoDigm, with the acquisition of National Dentex, a company that runs dental laboratories.

1 min read · 05 January 2013

Citi exec cancels move to KKR India

Abhijit Sen was to have joined KKR India as chief financial officer on 1 April, but will reportedly remain in his role at Citigroup instead.

2 min read · 05 January 2013

KPS completes $400m in recaps

The recapitalisations of auto-parts supplier HHI and Attends Healthcare will generate $210m in cash distributions. KPS has collected distributions totaling $260m in the first quarter.

2 min read · 05 January 2013

Alinda announces $505m gas storage deal

Alinda Capital Partners, the New York-based infrastructure fund manager which closed a new fund on $4bn earlier this year, has made a major move into the US gas storage market through the $505m NorTex Gas Storage Company deal.

2 min read · 05 January 2013

Blackstone battles placement agent rule in California

The mega-firm has hired a lobbyist to advocate against a proposed California law that would end payments to placement agents for successful fundraisings.

3 min read · 05 January 2013

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