Filling some big boots, Richard Hall has been promoted to replace Steve LeBlanc as head of private equity for the $110 billion Texas Teachers’ Retirement System, confirmed Howard Goldman, the system’s director of communications. LeBlanc, an innovative private markets chief, is perhaps best known for steering giant separate account deals in which Texas Teachers’ committed $6 billion to Apollo and KKR.
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Global fund manager Apollo has sold approximately 3.2 million of its shares in chemical bulk tank truck network Quality Distribution, reducing its ownership to approximately 17.4%. The florida-based business recently announced first quarter results with a net income of $6.7 million. PRESS RELEASE Quality Distribution, Inc. QLTY +12.97% (“Quality” or the “Company”), which operates within [...]
Bain Capital LLC is considering raising $6 billion to $8 billion for a new global buyout fund — far less than the $10.7 billion it raised for its 10th fund in 2007 — and it may offer LPs up to three options on fees, according to an exclusive Reuters report.
Apollo Global Management LLC (APO.N) on Friday became the latest private equity group to report lower fourth-quarter earnings because of the way it accounts for profits, even as the cash flow from its share of investment profits more than tripled.
PE pros aren’t terribly bullish outside the US nowadays.
Indian energy giant Reliance Industries is among companies in talks to buy the exploration and production (E&P) unit of US pipeline company El Paso Corp, Bloomberg reported, citing unnamed people with knowledge about the matter, reports Reuters. Private equity firm Apollo is among the other companies in talks for the unit, which is estimated to [...]
Like a Rock: 30 year mortgage falls to lowest level (again!)
Is Google the new big LP in Israel?
Is it Time to turn off the Blue Light at K-Mart?
Is it Time for Clinton for VP?
It is Time to spend more bucks at Starbucks
Hit the Pause Button: Big deals lose VC appeal
A Taste for Exploration: Apollo eyes El Paso’s E&P unit
Biologic Spin-Off: Essex Woodlands backs Smith & Nephew’s Bioventus
Standing out from the Crowd: It’s all in the detail
Tech Year in Review: Let’s hear it from the Boston tech community
Year of the Mobile Internet: A tech leader‘s resolution for 2012
South Korea’s Samsung C&T and state-run oil firm KNOC are buying US oil and gas company Parallel Petroleum from private equity firm Apollo, in a deal that enables the Samsung Group to expand its natural resources business, writes Reuters. Samsung C&T confirmed the deal on Wednesday, though it would not disclose the price. A source [...]
Searchlight Capital, the PE firm founded by former KKR and Apollo execs, is raising $750 million for its first fund, sources say.
The pool is fully subscribed, sources say.
“They are oversubscribed at their current target and basically closed already,” one placement source says.
News of the Searchlight fundraising was reported in May 2010 by the Wall Street Journal. The WSJ, at that time, said that Searchlight was marketing for a $500 million to $1 billion fund.