by Gregory Roth
Posted on: December 5, 2012 by Gregory RothNo Comments »
In 2010, Neuberger Berman, the big money manager spun out from the now-bankrupt Lehman Brothers, took a big gamble when it launched a new type of fund that would blur the lines between private equity and hedge funds by purchasing minority stakes in high performing hedge fund managers. More than two years later, the verdict is in…
Posted on: December 6, 2010 by Luisa BeltranNo Comments »
The Carlyle Group, a PE firm, has agreed to buy a 55% stake in Claren Road. Financial terms weren’t announced but Claren Road will get cash, ownership interest in Carlyle and performance-based contingent payments. Claren, a long-short credit hedge fund with $4.5 billion AUM, will reinvest nearly all of the cash proceeds back into Claren Road funds. Citigroup, which seeded Claren Road in 2006, and Goldman Sachs Petershill Fund, which bought a minority stake in 2008, are both selling as part of the deal. The transaction is expected to close by year end.
The National Venture Capital Association said on Tuesday that Bobby Franklin will become its next president and CEO starting in
Author : idorbian
(Reuters) – Private equity firms are sitting on $116 billion of assets trapped in so-called zombie funds that lie dormant
Author : reuters-news
Madrona Venture Group, a Seattle-based early-stage venture capital firm, said on Thursday that it has promoted Julie Sandler to principal.
Author : idorbian
EMCOR Group of Norwalk, Conn., has entered into an agreement to acquire RepconStrickland, which offers turnaround and specialty services to
Author : connieloizos
Time has proven to be the ally of the private equity firms that invested in HD Supply Holdings. HD Supply
Author : lbeltran
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