Matt Levin
Private equity funds generated an internal rate of return of -1.51% percent for the second quarter of 2008, according to the State Street Private Equity Index.
Gregory Case has joined middle market-focused LLR, noting that as Apax moved more firmly into mega-market territory, the smaller tech deals he specialised in 'just weren't large enough anymore'.
HighView Investment Group, led by former BlackRock co-founder Ralph Schlosstein, has garnered $600m in commitments to target minority interests in independent alternative asset managers, including real estate.
The publicly listed investment firm also disclosed in its second quarter earnings call that it is nearing its $2.5bn target on a private equity-style credit fund – yet its fundraising pace has dropped more than 70 percent compared to the same period last year.
The KKR spin-out is backing the Florida-based bank’s aggressive expansion plan.
The quoted fund of funds, backed by Bank of America and Oak Hill, has engaged ABN AMRO to issue a continuous quote on its shares. It is the second time the bank has provided the Euronext-traded fund with liquidity.
The alternative asset manager’s blank cheque vehicle, formed last June, has purchased power plant operator Complete Energy Holdings, a TCW portfolio company.
US investment bank Greenhill & Co. has hired Christopher Kirsten and six other Lehman agents to launch a fund placement division.
Fred Buenrostro has confirmed he will end his six-year reign at the US' largest public pension, which is also losing its CIO, Russell Read.
In the wake of Yucaipa-owned Aloha Airlines’ bankruptcy, yet another private equity-owned commercial airline has crashed.