GrandTetons

Wyoming Earmarks $600M for PE, Snubs Cheyenne Capital

The Wyoming Loan and Investment Board plans to invest $600 million into three separate managed accounts over the next three to five years, with Hamilton Lane and Neuberger Berman each managing $200 million separate accounts. PE shop Cheyenne Capital, which currently manages a separate account for Wyoming, was said to not meet the state’s new requirements due to its size.

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Lee Joins Cheyenne Capital To Help Firm Expand

Kenn Lee has left advisory shop TorreyCove Capital Partners after nearly six years to join Cheyenne Capital, a firm looking to parlay its success building and harvesting a private-equity portfolio for the state of Wyoming into a larger business, sister magazine Buyouts reported.

A Love Affair with Obama Cools, But Is It Over?

In one of the more surprising revelations to come out of Walter Isaacson’s new, best-selling biography of Steve Jobs, Jobs apparently told President Obama last year that he was “headed for a one-term presidency” if he didn’t adopt more business-friendly policies that would make the U.S. more competitive with China. As news organizations glommed on […]

Bob Grady Turns Down NJ Treasurer Job

From public service to private equity and back again?

That was the tidy career circle recently offered to Bob Grady, the former Bush 41 official who went on to spend more than nine years as a venture capital and growth investor with The Carlyle Group. As first reported by Private Equity Online, and since confirmed by peHUB, Grady recently declined an offer by recently-elected New Jersey Governor Chris Christie to serve as the Garden State’s next trasurer (an appointed position).

Grady originally is a Jersey boy, having grown up in the same town as Christie and beginning his career in state politics. More recently, he agreed to co-chair a budgetary task force for Christie, and could eventually serve on some sort of economic advisory council.

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