Goldman whittles $1 bln from Volcker Rule portfolio: Buyouts

Goldman Sachs Group trimmed $1 billion in the first half of the year from alternative funds subject to the Volcker Rule, bringing the total figure down to $8 billion, according to recent comments by the marquee investment bank and private equity fund manager.

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Trending on peHUB this week: Blackstone is raising its second “tactical opportunities” fund, fears of a correction in the secondaries market, and Fortress, GE Capital and SBJ are looking for talent.

Lexington donates to rebuild flood-damaged school in Colombia

Lexington Partners has made a ‘significant donation’ to the Happy Hearts Fund toward the rebuilding of the San Francisco de Asis School in Cartagena, Colombia, which was heavily damaged by flooding in 2010. The school is set to be rebuilt by November 2014. The Happy Hearts Fund is a 501(c)(3) foundation dedicated to rebuilding schools in areas hit by natural disasters. The donation represents Lexington’s third successive donation to the Happy Hearts Fund.


MassMutual forms $100 mln venture firm

MassMutual said Thursday that it has launched MassMutual Ventures, a $100 million corporate venture firm. Its focus will be on backing startups and businesses “whose technologies have the potential to transform MassMutual’s core insurance, retirement and asset management businesses.” Based in Boston, MMV will be managed by Doug Russell, Eric Emmons and Mark Goodman.

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Trending on peHUB this week: Job openings at GE Capital and Fortress, keynote video of MDB’s John Canning, and Tim Draper’s big breakup plan.


Cambridge: Private equity LPs received most-ever distributions last year

Limited partners in private equity funds received the largest total of distributions last year in the history of the Cambridge Associates benchmark. LPs in venture capital funds received the second largest payout since 2000. Cambridge’s private equity index rose 20.6 percent last year, while the venture capital index increased 27.2 percent, its best annual performance in 15 years.


Red flags: Alibaba’s Ma and Ma’s private equity firm: Reuters

When a fast-growing private equity firm co-founded by Jack Ma sought funding from institutional investors for the first time in early 2013, almost all had one major concern, its chairman said: was the firm independent from Ma, the influential executive chairman of Alibaba Group Holding, China’s e-commerce giant.

Meketa Investment Group launches new office in Portland, Oregon

Investment consulting firm Meketa Investment Group said Tuesday that it has opened an office in Portland, Oregon. According to the company, the new office will focus on business opportunities with institutional funds in the Pacific Northwest and Mountain West. Mika Malone, a principal at Meketa, will lead the Portland office.

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