British private equity group 3i‘s US debt management arm has raised a $500 million fund to invest in corporate debt and loans to back private equity buyouts, writes Reuters. The collateralised loan obligation fund, Jamestown II, is 3i Debt Management US’s second since it was established in August last year as a joint venture with US fund manager WCAS Fraser Sullivan Investment Management.
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British private equity firm 3i has sold plastic equipment maker Mold-Masters to US rival Milacron for 615 million pounds ($963 million) as part of its debt-reduction disposal plan, writes Reuters. Under pressure from frustrated shareholders to cut its 1.2 billion pound debt to less than 1 billion pounds by June, 3i had said it will focus on asset disposals to achieve this goal and boost its weak share price.
Hamilton Lane, the Bala Cynwyd, Penn.-based private equity asset management firm, has hired Paul Waller as a partner in its London office. Waller recently retired from 3i after 35 years.
Global private equity asset management firm Hamilton Lane is expanding its Europe-based presence with the addition of Paul Waller to the newly-created role of partner in its London office. Waller recently retired as a managing partner from 3i after 35 years and will focus primarily on client development and overall firm marketing initiatives.
This week peHUB is highlighting a position at global investment management firm Partners Group. The firm is advertising on its website for a junior investment manager private equity based in São Paulo, Brazil.
3i-backed SLR Management, an environmental consultancy, has acquired GSS Environmental. GSS is an Australian provider of environmental consulting and project management services to clients in the mining, minerals, land development and natural resource sectors.