Chris Witkowsky
Executive recruiter Options Group International's co-president and chief financial officer Ike Suri resigned from the firm to launch a merchant bank, Pelican Point Capital Partners. Also, Gene Shen, managing partner, is leaving the firm to pursue other opportunities.
Hong Kong-based Gaw Capital Partners has closed its fourth China real estate fund, Gateway Real Estate Fund IV, on its hard cap of $1.025 billion. Fund IV is Gaw Capital's largest investment vehicle.
To ring in your hump day, First Read brings you news about the first bitcoin ATM opening in Vancouver, the Treasury Department books a $9.7 billion loss on GM and people living near the new Sriracha factory in California say their eyes are burning.
As your Tuesday winds to a close, your intrepid reporters have news about a mysterious barge floating around San Francisco Bay, BlackBerry execs met with Facebook bigwigs and the chaos of the roll out of Obamacare on full view at a hearing today.
Kristi Craig, former executive with the Small Business Investor Alliance, joined the Georgetown University endowment earlier this month as director of private markets.
Aterian Investment Partners was founded by Michael Fieldstone, a former principal with Sun Capital Partners, in 2009, according to the firm’s web site. Aterian is led by Fieldstone, former Sun Capital principal Christopher Thomas and former Insight Equity principal Brandon Bethea.
Vopne Capital has launched its first fund with $20 million. The firm is focused on acquisitions, recapitalizations and financings of companies in the lower middle market, businesses with EBITDA of $1 million to $5 million.
CAIS and Fidelity Investments have formed a partnership to provide access to Fidelity's custodial clients to alternative investment funds including hedge funds and private equity funds. The platform will offer access to Fidelity's clients, including registered investment advisors, broker-dealers, multi-family offices and other financial intermediaries.
GTIS Partners, a real estate private equity firm, has closed a $716 million residential real estate fund, which includes co-investment vehicles. GTIS Partners has now raised more than $3 billion since its launch in 2005.
EQT Credit II has closed on EUR 845 million, beating its EUR 750 million target. Fund II had about 90 percent of existing investors in the first fund re-commit. About 55 percent of Fund II commitments were raised from the Nordic region, with 20 percent from the rest of Europe and 25 percent from the U.S.