Twin Brook Capital Partners is seeking $500 million for a middle-market direct lending fund as it kicks off as a new unit of Angelo Gordon & Co headed by two former executives from Madison Capital Funding.
PayPal has agreed to acquire Massachusetts-based mobile wallet platform provider Paydiant, the latter announced in a post on its site.
Blackstone Group LP Chief Executive Stephen Schwarzman took home $690 million in 2014, more than any other private equity executive, as his firm and the wider industry benefited from the favorable conditions for cashing out on investments.
First Read starts your week with news of Twitter reviewing an alleged ISIS threat to co-founder Dorsey, two chip makers will merge in a deal worth $11.8 billion and without revealing a name, Warren Buffett says he has a successor in mind.
Patricia Grad has left Irving Place Capital after nearly five years, two sources said.
In Second Opinion, the Senate passes a bill to avert the Homeland Security shutdown, Tim Cook says Apple Watch will one day replace your car keys and two big losses rock the business and entertainment world–former AIG chief Robert Benmosche passes away at 70 while “Star Trek” icon Leonard Nimoy dies at 83. Live long and prosper!
Would you find it odd if a major U.S. pension system completely skipped out on energy private equity funds for the last seven years?
Carlyle Group LP paid its co-president who was hired last year from JPMorgan Chase & Co $31.2 million in 2014, a higher compensation than many veterans received at the private equity firm, a regulatory filing showed on Thursday.
San Ramon, California-based Accela, a provider of civic engagement solutions for governments, has raised $143.5 in funding, the company announced in a statement.
First Read helps usher in the weekend with news Google reversed a porn ban on Blogger after backlash, Kleiner Perkins says it didn’t distribute gender discrimination policy until 2012 and Wired helps us understand the great dress debate of 2015.
UTIMCO benefits from traditional go-early investment strategy.
Salveo Capital, which is targeting investments in the legal marijuana industry, is out fundraising for its debut fund.
A year after investing in Vogue International, the Carlyle Group is getting paid.
Trae Vassallo, a former GP at Kleiner Perkins, took the stand this week in Ellen Pao’s discrimination lawsuit against the firm, to testify how she also received advances from Ajit Nazre.
In Second Opinion, IBM is investing $4 billion into cloud and mobile initiatives, the FCC approves net neutrality and the New York Daily News is reportedly on the block.
Capital rushed back into private equity funds in Latin America last year, with fundraising breaking all previous records with a full-year tally of $10.39 billion, according to the Latin American Private Equity and Venture Capital Association.
Searchlight Capital Partners, which started life with much fanfare in 2010, has been talking to potential limited partners about targeting up to $1.5 billion for its second fund, according to three people with knowledge of the firm.
First Read kicks off your morning with news of Morgan Stanley agreeing to a $2.6 billion mortgage settlement, Google is reportedly considering a stake in Jawbone and Auto Trader plans to launch an IPO on the London Stock Exchange.
