253 Views

NGP Energy makes Carter a managing partner

NGP Energy Capital Management said late Tuesday that Chris Carter, MD and Chief Investment Coordinator, was appointed to the firm’s Executive Committee and named a Managing Partner. Robert Edwards, NGP managing director, is also relocating to Houston and will manage the firm’s office there, a statement said. The Carlyle Group is an investor of NGP, an energy investor.

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AlpInvest’s INext Fund makes final commitment to Clarus Lifesciences

INext Fund, a $58 million venture capital fund of funds focusing on life sciences that is managed by AlpInvest Partners, has made its fifth and final commitment to Clarus Lifesciences III. INext was raised in 2009 and has investors including Eli Lilly and Company, the Indiana Public Retirement System, Indiana University Foundation, University of Notre Dame and Purdue University. AlpInvest, part of Carlyle Group’s Solutions business, manages INext from its Indiana office.

139 Views

EPIC co-founder Francis to leave

Dan Francis, the Co-founder and Executive Chairman of Edgewood Partners Insurance Center, has elected to leave the company effective Nov. 1. San Francisco-based Edgewood Partners is a national retail property, casualty insurance brokerage and employee benefits consultant. The Carlyle Group acquired EPIC in 2013. Stone Point Capital is also an investor.

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602 Views

Private equity fundraising platform targets individual investors

iCapital Network, an online private equity fundraising platform backed by a consortium that includes Credit Suisse Group AG and Blackstone Group LP, officially launched on Wednesday, seeking to tap demand among individual investors, according to sister news service Reuters.

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Carlyle LPs to share in collusion suit settlement costs: Buyouts

The Carlyle Group’s $115 million settlement of a lawsuit that alleged it colluded with other buyout shops to depress deal prices will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm.

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Carlyle cashes out of Allison Transmission

The Carlyle Group said Tuesday it has sold its remaining 2.7 million shares in Allison Transmission. Carlyle and Onex Corp. acquired Allison Transmission in August 2007. Allison Transmission, an auto-parts makers, went public in 2012.

Carlyle, Fountainvest exit $1.9 bln bid for Shanda Games – Reuters

Carlyle Group and Fountainvest Partners have pulled out of a consortium backing a $1.9 billion bid to buy U.S. listed online games developer Shanda Games, writes Reuters. China online game developer Perfect World Co Ltd and China-focused private equity firm Primavera Capital have also exited the consortium.

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NBTY names Cahillane CEO

NBTY, which is backed by the Carlyle Group, said it named Steven Cahillane its CEO. Cahillane is the former President of Coca-Cola Americas and successfully integrated Coca‐Cola Enterprises’ North American bottling operations. Cahillane succeeds Jeff Nagel and begins his new role on September 8th.

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Centre Partners closes Ross Aviation sale to Carlyle

Centre Partners Management said Tuesday it has closed its previously announced sale of Ross Aviation to Landmark Aviation, which is backed by The Carlyle Group. Financial terms weren’t announced. Denver-based Ross Aviation provides aviation fueling, hangar and other line services to business and commercial aviation customers. Rothschild advised Landmark on the deal while Harris Williams & Co. advised Ross Aviation.

Carlyle’s second-quarter earnings double: Reuters

Carlyle Group LP said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe.

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