Solomon Owayda and Christine Patrinos have partnered to launch Mozaic Capital, a firm that advises institutional investors on the sale of interests in private equity and related limited partnerships. Selling has become an increasingly popular activity in what is still considered a largely illiquid asset class.
Last week’s wild gyrations in global financial markets almost certainly exposed the vulnerability of U.S. state and local authority public pension funds which have piled into riskier assets in recent years, according to actuaries and other pension experts, Reuters reported.
One Equity Partners, the former middle-market private equity arm of JPMorgan Chase & Co, is acquiring Augusta Columbia Capital, a buyout firm focused on technology investing, according to people familiar with the matter, Reuters reported.
BR Partners, the Brazilian investment bank founded by dealmaker Ricardo Lacerda, is countering the impact of Brazil’s worst recession in 25 years by carving out a greater role as a mergers and acquisitions adviser and a provider of structured finance, Reuters reported.
The University of Michigan has committed $50 million to a debut fund from Emet Capital Management earmarked for investments involving distressed real estate projects financed by municipal revenue bonds.
Carlyle Group is in advanced talks about buying Innovation Group for 40 pence a share in cash, valuing its equity at almost 500 million pounds ($769 million), the British software company said on Friday, Reuters reported.
Dalian Wanda Group, headed by China’s richest man, on Thursday said it has bought the organiser of Ironman Triathlon races for $650 million, in a diversification push that the property developer said may involve another sports purchase by year-end.
Fashion department store operator Belk Inc said it would be acquired by private equity firm Sycamore Partners in a deal valued at about $3 billion, including debt, Reuters reported.
Emerging market-focused private equity firm Abraaj Group has closed its second North Africa-focused fund at $375 million, it said in a statement on Monday.
Private equity firms have formed three separate teams to bid for Tesco’s South Korean business valued at about $6 billion, four people with knowledge of the matter said on Friday, in what is tipped as Asia’s biggest ever private equity deal, Reuters reported.
Brooks Zug, senior managing director and co-founder of HarbourVest Partners, received Buyouts magazine’s Lifetime Achievement Award in spring 2015.
T. Bondurant French, CEO and CIO of Adams Street Partners, received Buyouts magazine’s Lifetime Achievement Award in Spring 2014.
Solera Holdings Inc, which provides technology services to insurance companies, is in advanced talks to sell itself to private equity firms, according to a person familiar with the matter, Reuters reported.
TA Associates said it hired four investment executives as vice presidents for its offices in London, Boston and Menlo Park, Reuters reported.
Aabar Investments, one of Abu Dhabi’s top state investment firms with major stakes in companies including Dubai-listed builder Arabtec and Sir Richard Branson’s Virgin Galactic, appointed a new chief executive on Wednesday, Reuters reported.
Uber India also said on Wednesday that its U.S.-based parent had received fresh investment from Tata Opportunities Fund, a private equity fund linked to India’s Tata Capital. The companies did not disclose the amount, but a source close to the matter said it was between $75 million and $100 million, Reuters reported.
British state-backed lender Royal Bank of Scotland has sold its Luxembourg-based funds business to BlackFin Capital Partners, a private equity firm that specialises in financial services, Reuters reported.
Citigroup Inc is selling its alternative investor services business to financial technology provider SS&C Technologies Holdings Inc for $425 million, subject to adjustments, Reuters reported.