Fortress closes Credit Real Estate Opportunities Fund II on $1 bln

Fortress Investment Group has closed Credit Real Estate Opportunities Fund II on its $1 billion cap. Fund II launched fundraising in 2014. About half of the commitments to Fund II came from public and corporate pensions, endowments and foundations. The fund has deployed about 20 percent of its capital in the U.S. and Europe. The prior Credit Real Estate Opportunities Fund closed on $625 million in 2011.


HgCapital hires Xerox’s global HR director

HgCapital has hired Tom Maddison, former global HR director at Xerox Corp, for the new role of head of portfolio talent. Maddison, who starts in August, will be responsible for supporting management teams to develop talent across HgCapital’s portfolio as well as within the firm itself.


Seyfarth Shaw hires M&A attorney from Greenberg Traurig

Gabriel Monzon-Cortarelli has joined law firm Seyfarth Shaw as a partner focusing on corporate finance and commercial transactions involving public and privately held U.S., European and Latin American companies. He also handles cross-border mergers, joint ventures and strategic alliances involving U.S., European and Latin American businesses. Monzon-Contarelli joined from Greenberg Traurig.


GA takes big stake in Too Faced Cosmetics

General Atlantic is acquiring a majority stake in Too Faced Cosmetics, a global beauty brand, from Weston Presidio. As part of General Atlantic’s investment, beauty industry veteran Ken Stevens will join Too Faced Cosmetics as chairman. Andrew Crawford and Andrew Ferrer, both of General Atlantic, are also joining the company’s board. Too Faced Cosmetics’ founders and senior leaders will retain significant ownership in the company.


Vista Equity mulls $10 bln deals

Vista Equity Partners is mulling potential acquisitions at or above $10 billion, with valuations below peak levels in the tech sector despite lofty prices, said the firm’s Chief Executive Officer Robert Smith.


Propel Equity Partners acquires Juratoys

Propel Equity Partners acquired Juratoys, the parent company of toy brands Janod and Kaloo. The two brands will become part of Alex Brands, which includes Alex Toys, Slinky, Scientific Explorer and Shrinky Dinks. Juratoys, based in France, has offices in the U.K., U.S., Hong Kong and China.


Platte River Equity buys Profile Products

Platte River Equity has acquired Profile Products LLC, which makes and markets products designed to minimize soil loss and accelerate seed germination. Platte River invested alongside management. The firm used capital from its third fund, Platte River Equity III, LP, to buy the company.

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