Terra Verde Group, Wheelock Street buy Boot Ranch from Lehman

By Chris Witkowsky — 6 months ago

Terra Verde Group, in partnership with Wheelock Street Capital, acquired Boot Ranch, a 2, 052 acre master-planned community in Fredericksburg, Texas, from Lehman Brothers. The deal includes Estate and Cabin home sites, a 55,000-square-foot members-only clubhouse and village complex, a 4.5 acre pool and sports complex, an 18-hole golf course and a 34-acre golf practice park and executive par-3 course.


Blackstone and TSSP to acquire Acenden

By Iris Dorbian — 1 year ago

Blackstone Tactical Opportunities and TPG Special Situations Partners have agreed to buy Acenden Mortgage Servicing Solutions from the administrators of Lehman Brothers. No financial terms were disclosed for the transaction, which is expected to be completed in early 2015. Based in the UK, Acenden is a mortgage servicing solutions provider.


Dyal Capital, PE Fund Buying Hedge Firm Stakes, Tops Target

By Gregory Roth — 3 years ago

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…


Reuters – Texas Teachers’ Fund to Buy Stake in Formula One

By Reuters News — 3 years ago

The $100 billion Teacher Retirement System of Texas is to buy a stake in Formula One racing from the estate of collapsed investment bank Lehman Brothers, writes Reuters. The pension fund will buy a three percent stake in the motor racing business from the Lehman Brothers’ estate in a deal worth about $200 million, writes Reuters. This follows a string of powerful investors that have bought into Formula 1 as owner CVC gradually reduces its stake.


Japanese PE Funds Cut Back

By Angela Sormani — 4 years ago

Japan’s Unison Capital cut the size of one of the largest private equity funds in Japan by around a quarter to 107 billion yen ($1.4 billion) in October due to limited opportunities for new deals, wrote Reuters. Some private equity firms have scaled back their operations in Japan in the aftermath of the financial crisis […]


Neuberger’s Dyal Fund Blurs Line Between PE and Hedge Funds

By Gregory Roth — 4 years ago

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.


Scoop: Providence Equity COO Gary Weinstein Is Out–UPDATED

By Jonathan Marino — 5 years ago

Providence Equity Partners’ chief operating officer is no longer with the LBO shop, less than three years into his new role, peHUB has learned. UPDATE: “We appreciate Gary’s contributions to the firm over the last three years, and we wish him well in his future endeavors,” the firm said in a statement e-mailed to peHUB. […]


Lehman Sues JPMorgan for $5 Billion

By PEHub Administrator — 6 years ago

(Reuters) – Lehman Brothers Holdings Inc (LEHMQ.PK) and a group of unsecured creditors on Wednesday sued JPMorgan Chase & Co (JPM.N) for more than $5 billion, accusing the bank of siphoning billions of dollars of critically-needed assets, and hastening its bankruptcy. In a lawsuit filed in Manhattan bankruptcy court, the plaintiffs accused JPMorgan of extracting […]