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Details of Apollo’s hybrid debt-equity fund revealed

The fund would invest in senior and subordinated debt along with structured equity and non-control positions in financially troubled companies.

CalPERS proposes changes to PE investment policy

Staff will seek feedback on proposed simplifications to its PE programme policy, including scrapping the CIO’s ability to approve increases in capital commitments to SMAs.

Capital Dynamics hires Goldman exec for strategy expansion – exclusive

Bryn Gostin, a former attorney, has joined the firm as head of product development and strategic initiatives.

Carlyle brings in the big guns to advise co-CEOs

The firm has tapped a navy veteran and leadership guru to serve as confidante to its recently appointed co-chief executives.

Los Angeles pension boosts targets for private equity, debt

The retirement plan also increased its exposure to private infrastructure by 1%, while targets for real estate equity and natural resources investments stayed the same.

Snoop Dogg’s VC firm seeks high returns

The rapper's cannabis-focused venture capital firm is looking for 10x returns with its debut fund. Managing partner Karan Wadhera talks strategy.

CalSTRS’ Ailman: ‘Large funds will bifurcate the market’

Chief investment officer Chris Ailman says in this two-minute video that larger funds – disruptors in private equity – will change the way the industry operates.

Neuberger, Goldman split Clearlake minority investment down the middle

Landmark Partners, which had a role in the deal, financed an earlier minority investment from Reservoir Capital Partners.

Houlihan Lokey gets into fund placement business with BearTooth acquisition

The investment bank is adding capital-raising services for private funds to its product platform for the first time.

Rede co-founder to relocate as firm eyes US GPs – exclusive

The firm plans to add one or two US managers to its platform to diversify the business.

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