Firms and Funds

AEA Investors is raising up to $300 million for its second Small Business Fund, which focuses on small-cap leveraged buyouts, according to a regulatory filing. www.aeainvestors.com

DUBAI (Reuters) – Qatar’s sovereign wealth fund, one of the world’s largest investors, has put buying on hold for the next six months and will overhaul its strategy after that to focus more on energy and commodities. ‘For the next six months we will do nothing,’ said Hussein Ali al-Abdullah, executive director of the Qatar […]

The Icelandic retail investment group Baugur has been forced to file for bankruptcy after the district court in Reykjavik threw out plans to safeguard the business and refused to extend the moratorium protecting the group from its creditors. Talks with creditors Landsbanki collapsed last month, at which point the investment group applied to enter the […]

UK investment syndicate targets CGT savings

Printing equipment business in £20m MBO

Fund-of-funds manager looks for €250m

VCs back online greeting card maker

The Ohio Bureau of Workers’ Compensation has finally sold off its private equity investment portfolio, according to minutes from its November 2008 board meeting (and first uncovered by Dow Jones). UBS had been running the process, which netted nearly $400 million for 67 funds. For anachronistic context, we reported in April 2007 that UBS had pitched the fund’s NAV at $685 million, including around $271 million in unfunded commitments. If this is all new to you, here’s a graph from that same 2007 piece:

CitySocialising.com raises £260,000

What happens when even your creditor doesn’t want your assets? Troubled fund-of-funds manager HRJ Capital is in the process of finding out. Back in December, it was revealed that HRJ was unable to repay a $68.9 million warehouse loan from Silicon Valley Bank, which has essentially been used to “fund” certain outgoing LP commitments. SVB […]