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Wyoming Earmarks $600M for PE, Snubs Cheyenne Capital

Posted on: April 29, 2013 by Gregory RothNo Comments »

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.

Kasser Joins Neuberger Berman

Posted on: April 15, 2013 by Luisa BeltranNo Comments »

Susan Kasser has joined Neuberger Berman as an MD and head of private debt at Neuberger Berman Alternatives. Kasser joined Neuberger Berman in March and is based in New York. Most recently, Kasser was with the Carlyle Group, where she was a founding member of Carlyle Mezzanine Partners.

New York City Makes Mammoth $1.1B In PE Commitments

Posted on: April 9, 2013 by Gregory RothNo Comments »

The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. According to sister magazine, Buyouts, the funds are managed by The Carlyle Group, Platinum Equity…

3i Invests in Brazilian Eyewear Retailer

Posted on: March 11, 2013 by asormaniNo Comments »

A consortium led by 3i Group has agreed to acquire Óticas Carol, a Brazilian eyewear retailer from Brazilian entrepreneur Marcos Amaro. As part of the transaction, OC CEO Ronaldo Pereira will significantly increase his equity stake in the company. Institutional investors Neuberger Berman and Siguler Guff are co-investing alongside 3i in the transaction, which is expected to close by the end of March. The combined equity investment amounts to R$108 million (£36.4 million).

Dyal Capital, PE Fund Buying Hedge Firm Stakes, Tops Target

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…

Job of the Week: European Listed FoFs Seeks Senior Associate to Boost Team

Posted on: July 12, 2012 by asormaniNo Comments »

This week peHUB is showcasing a position for a senior associate within a European-headquartered listed fund-of-funds. The successful candidate will be working within a well-established investment program team with a significant exposure to secondaries investing.

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Neuberger Berman Inks $720M for Fund-of-Funds

Posted on: November 15, 2011 by cnolanNo Comments »

Neuberger Berman Group has raised $720 million for its NB Crossroads 2010 Fund, which will focus on investing in private equity funds and co-investments alongside buyout shops. Neuberger Berman has offices in New York, Dallas, London and Hong Kong.

New Director of Comms for Carlyle

Posted on: October 31, 2011 by asormaniNo Comments »

The Carlyle Group has appointed Randall Whitestone as principal and director of communications for the Americas. Whitestone, with more than 25 years of experience in corporate communications and financial journalism, comes to Carlyle from Neuberger Berman where he served as global head of corporate communications. He is based in New York.

This Week’s Top 10 Hub Posts Focus on Companies Stuck in IPO Pipeline, FoF Fundraising Slowdown and ‘Googorola’

Posted on: August 20, 2011 by Lawrence J. AragonNo Comments »

It’s time to catch up on the stories and slideshows your colleagues found most compelling on peHUB this week. Here are the top 10 posts that garnered the most pageviews from regular readers from Aug. 15 to Aug. 19. Market turmoil was top of mind for our readers, with a top 10 list of PE-backed companies stuck in the IPO pipeline scoring the most pageviews. Other hot topics included a slowdown in fundraising for funds-of-funds, “Googorola” and performance data.

1. Top 10 PE-Backed Companies Waiting To Go Public – by Luisa Beltran
2. Fundraising Gets Even Slower for Funds-of-Funds – by Lawrence Aragon
3. Colorado PERA Top-10 Performing Funds Since 1982 (subscribers only) – by David Toll
4. Six Buzzworthy Emerging Managers – by Bernard Vaughan
5. A Slowdown for Most Active VC Firms in July (subscribers only) – by Alastair Goldfisher
6. Welcome to the Family, Motorola! – by Jonathan Marino
7. Gap Between Top And Bottom Performing Private Equity Funds Widens; Comparison By Vintage Year – by Mark Boslet
8. With Motorola Mobile’s Sale, Quattrone’s Qatalyst Scores Largest Deal Ever – by Luisa Beltran
9. And the Winner of the Google/Motorola Naming Contest Is … – by Lawrence Aragon
10. Neuberger’s Dyal Fund Blurs Line Between PE and Hedge Funds – by Gregory Roth

Neuberger’s Dyal Fund Blurs Line Between PE and Hedge Funds

Posted on: August 15, 2011 by Gregory Roth1 Comment »

The boundaries keep getting blurred between private equity funds and hedge funds, as one of the world’s largest money managers, Neuberger Berman, has raised most of its $1 billion target for its new Dyal Capital Partners private equity fund, which plans to take minority stakes in prominent hedge fund firms.

According to a person familiar with the fund, Dyal so far has raised more than $600 million toward its goal. Dyal began raising money in July 2010, and there is a good possibility that the fund will be able to close by the end of 2011, the person said.