Dyal Capital Partners has acquired a passive minority stake the controlling company of Chenavari Investment Managers. Chenavari is diversified alternative asset management group focused on credit, structured finance, real estate and private debt strategies. Dyal is the private equity business of Neuberger Berman.Continue
Dyal Capital Partners has acquired a minority stake in Chenavari, an alternative asset manager focused on credit, structured finance, real estate and private debt strategies. No financial terms were disclosed. Dyal is Neuberger Berman‘s private equity unit.Continue
Dyal Capital Partners has appointed John Dyment as head of its business services platform. Previously, Dyment built and managed Goldman’s capital introduction business and Deutsche Bank’s global hedge fund capital group. Dyal is Neuberger Berman‘s private equity unit.Continue
Dyal Capital Partners said Tuesday it has made a passive, minority investment in Vista Equity Partners. Financial terms weren’t announced. Vista, a technology focused private equity firm, said it will maintain complete control over its operations. Dyal Capital is the PE unit of Neuberger Berman.Continue
On the jobs board this week are associate, analyst and private market director roles open [...]Continue
In 2010, Neuberger Berman, the big money manager spun out from the now-bankrupt Lehman Brothers, took a big gamble when it launched a new type of fund that would blur the lines between private equity and hedge funds by purchasing minority stakes in high performing hedge fund managers. More than two years later, the verdict is in…Continue
The boundaries keep getting blurred between private equity funds and hedge funds, as one of the world’s largest money managers, Neuberger Berman, has raised most of its $1 billion target for its new Dyal Capital Partners private equity fund, which plans to take minority stakes in prominent hedge fund firms.
According to a person familiar with the fund, Dyal so far has raised more than $600 million toward its goal. Dyal began raising money in July 2010, and there is a good possibility that the fund will be able to close by the end of 2011, the person said.Continue