Private Equity
Philip Durden has joined former Oak Hill partner James Hale at Aldenwood Group, which next year will seek to raise a sub-$1bn secondaries fund.
1 min read · 05 January 2013
The $119bn pension’s new ‘absolute return’ asset class will include infrastructure investments and could lead to a search for a manager to run the investment programme. The move is part of a wider asset allocation shift to be unveiled at its August meeting after CalSTRS saw its portfolio value tumble 25 percent over the last year.
3 min read · 05 January 2013
The Silicon Valley venture firm has promoted Ravi Viswanathan to general partner for energy, IT and India-focused investments, and appointed Frank Torti as principal focused on investments in healthcare.
2 min read · 05 January 2013
The SEC is attempting to prevent private equity firms from using placement agents when dealing with US public pensions. The agency also wants to eliminate the political contribution factor from the interaction between investment firms and public pension officials.
2 min read · 05 January 2013
New York Attorney General Andrew Cuomo has reached a resolution with The Carlyle Group under which the firm has pledged to avoid hiring placement agents to obtain investments from New York’s public pensions. Carlyle also agreed to pay $20m to ‘resolve its role’ in the pension pay-to-play investigation.
3 min read · 05 January 2013
The US firm has partnered with a local group to buy an estimated $115m stake in Russian hypermarket chain Lenta, having two months ago bought into China's Wumart.
2 min read · 05 January 2013
The firms will pay C$8 per unit for the company, which provides custom brokerage, transportation and logistics services.
2 min read · 05 January 2013
The Boston-based mid-market firm has backed United Biosource, which provides services to help life science companies market and develop products.
1 min read · 05 January 2013
Invesco, TCW and Blackrock are among the firms that have held initial closings on funds that will buy distressed assets from banks and help reinvigorate the US credit markets.
2 min read · 05 January 2013
The Hong Kong-based private equity firm and China Strategic Holdings beat off competitors including Carlyle, Bain and MBK Partners.
2 min read · 05 January 2013
