Former Goldman Sachs partner Doug Kramer has been named COO and will help launch the firm’s asset management business, which was recently chosen to invest billions for New York mayor and media mogul Michael Bloomberg.
The lower mid-market UK firm has capitalised on the surging interest in the smaller end of the buyout market as the credit crunch cripples its mega fund peers.
Fundraisers with solid track record in Asia may no longer need to go to the US for an extensive roadshow if the recent support by two Canadian pension plans for newly established FountainVest was illustrative.
The Swiss firm is extending its approach into larger growth capital deals and has recruited two heavyweights to lead the charge.
Debut fund from deal veterans finds a place in the sun as investors shrink from committing to mega funds and shift focus to smaller deals.
The spin-out from 3i is profiting from investor appetite for mid-market deals as the credit crunch hits large buyouts.
Index is again at the heart of a $1 billion exit demonstrating the viability of venture investing in Europe with its sale of open source database software business MySQL.
The European venture firm is backing two cash generative internet businesses, an open source ad server and a provider of real-time, personalised recommendations to millions of users of eCommerce websites.
The Howard Marks-led firm continues to steamroller through the credit crunch with another franchise expansion, the purchase of a passive stake in MTS Health Partners. Also made public today was the firm’s $438 million take-private bid for Ocwen Financial Services.
The co-investment firm is looking for extra exposure to the UK and European mid-market, which has proved popular with investors and managers alike.
The alternative investment giant’s $930 million purchase of GSO Capital, a leveraged finance-focussed alternative asset manager, assuages what Stephen Schwarzman called one of the firm’s big regrets: having years ago spun off BlackRock.
Shares in Blackstone and Fortress hit new lows today following analyst downgrades, while American Capital announced a $500m programme to repurchase shares trading below net asset value.
The Silicon Valley venture firm has more than doubled its capital under management with closure of its fourth fund.
Foreign private equity firms have been given clear investment guidance in China – not all of it easily palatable, writes Private Equity International's Andy Thomson.
The Middle East, North Africa and South Asia specialist has sold its 2005 investment in fast-growing Maktoob.com to a hedge fund.