Madison Dearborn Partners recently held an interim close on $3 billion for its latest flagship vehicle, two sources with knowledge of the fund told Buyouts. The firm announced the interim close at an investor meeting in Chicago last week, sources. said. Madison Dearborn set a $3.75 billion target with a $4 billion hard cap for […]
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BlackRock Inc has decided to sell four private-equity portfolios with a value of approximately $200 million, Reuters reported November 24, citing a person with knowledge of the investments.
In Second Opinion, Brussels remains on high alert as the subway and schools reopen, Google’s plan to accelerate the mobile web will go live early next year and even though the year is not over yet, 2015 is the hottest year in recorded history. Happy Thanksgiving!
California Public Employees’ Retirement System, under the microscope for the comparably high fees it pays on its alternative investments portfolio, hauled in $1.6 billion in private equity distributions in the year’s first quarter. It is more evidence that, while expensive, the asset class is paying off for the giant pension. The Jordan Company played a […]
No wonder giant limited partners seek to build customized accounts with big private equity firms: The economics are fabulous. Smaller systems can only wish to get this kind of treatment by brand-name private equity. The New Jersey Division of Investment recently demonstrated why it’s all about separate accounts. The state’s $75.2 billion pension system committed […]
Venture capital fundraising appears to be suffering from the slow IPO market for technology offerings and the overcapitalization of unicorn investing.
Mirae Asset Global Investments has acquired the Fairmont San Francisco Hotel for $450 million. The sellers included Oaktree Capital Management, Kingdom Holding Company and Woodridge Capital Partners. The hotel opened in 1907 and has 592 guest rooms and suites and over 55,000 square feet of conference and function space.
Vector Watch, a wearable technology provider, has raised $5 million in funding. GECAD Group led the round with participation from other investors that included Catalyst Romania.
Japanese 3D printing startup Kabuku Inc has raised $750 million JPY (about $6.1 million) in Series A funding. Global Brain Corporation, Dentsu Digital Holdings Inc and Mitsui Sumitomo Insurance Venture Capital Co led the round.
LPEQ, the international association of listed private equity companies, has named Douwe Cosijn to succeed Andrea Lowe as CEO. The appointment becomes effective January 4, 2016. Cosijn is a former director of corporate affairs and head of investor relations at 3i.
Peak Rock Capital has acquired Berner Food & Beverage LLC, a maker of food products and beverages. No financial terms were disclosed.
Lionbridge Technologies Inc, which helps brands increase market share and customer engagement, has named James Quella to its board of directors. Quella is a former senior managing director at Blackstone‘s private equity group.
Clean energy provider SolarCity Corp has promoted Tanguy Serra to president. Serra is a former vice president at TPG Capital. Also, current CFO Brad Buss is planning to retire in 2016. As previously reported by PE HUB, Silver Lake Kraftwerk agreed to invest $100 million in SolarCity.
Santa Ana, California-based Agility Fuel Systems, a maker of natural gas fuel systems for heavy duty vehicles in North America, has named Kathleen Ligocki as CEO. The appointment becomes effective December 3. Ligocki is a former operating partner at Kleiner Perkins Caufield & Byers.
Sweden’s Dometic has set the price in its initial public offering at 48 crowns per share, giving it a market capitalization of 14.2 billion Swedish crowns ($1.64 billion)ahead of its market debut on Wednesday, the company said in a statement.
Three mid-level bankers in Goldman Sachs Group Inc‘s (GS.N) technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters.
Draper Oakwood Royalty Capital said Tuesday it has launched and will seek to invest in growth companies in exchange for a share in future revenues. London-based Draper plans to begin investing next year and won’t be raising a fund. Instead, the firm will work with a handful of institutional investors.
U.S. private equity firm Bain Capital is selling shares in Hero MotoCorp Ltd, the world’s largest seller of motorcycles and scooters, to raise as much as $116 million, IFR reported, citing a person close to the deal.