Iris Dorbian
Allianz Global Investors has named Mona Mahajan as its new U.S. investment strategist. Previously, she worked at MetLife Investments where she served as a portfolio manager and product specialist for the structured finance fixed income strategy.
Dutch private equity firm Waterland has closed its seventh oversubscribed fund at 2 billion euros (approximately $2.4 billion).
Gen II Fund Services, a private equity fund administrator, has named Shaun Buckley as a managing director for its new Boston office. Previously, Buckley worked at State Street.
PineBridge Investments has added Jim Fisher, Joe Taylor and Doug Lyons to its credit platform. Previously, Fisher and his team led other middle-market direct lending platforms, most recently at Business Development Corp of America.
Safanad has increased its investment in UK-based HC-One, a provider of health and social care in the United Kingdom. No financial terms were disclosed. The transaction follows HC-One's announced acquisition of 122 Bupa care homes. In 2014, Safanad and Formation Capital led the acquisition of HC-One, along with Court Cavendish.
Boyne Capital Partners has agreed to acquire a stake in Readyville, Tennessee-based Greenrise Technologies LLC, a green infrastructure firms supplying engineered turnkey systems for green roofs, landscape and growing media, componentry and maintenance services. No financial terms were disclosed.
Quantum Energy Partners has agreed to sell the remaining membership interests in Global Tubing to its joint venture partner Forum Energy Technologies Inc. According to terms of the deal, Forum will also buy management's stake in the joint venture and repay Global Tubing's net debt. The total value of the deal is about $237 million. Based in Dayton, Texas, Global Tubing is a provider of coiled tubing, coiled line pipe and related services.
First Read starts the week with news that Uber's board picks its next CEO, Elon Musk's Neuralink raises $27 million to build brain computers, and how bad is Hurricane Harvey.
Genstar Capital has made an undisclosed investment in Temple, Texas-based PDI, a provider of enterprise-class software solutions for the convenience retail and wholesale petroleum and logistics industries. Lazard provided financial advice to PDI. As a result of the transaction, TA Associates will retain its "significant" stake in PDI.
Excellere Partners has made an investment in Pacheco, California-based Biocare Medical, a provider of immunohistochemistry instrumentation, as well as a full range of reagents for IHC and molecular testing. No financial terms were disclosed.