Dave Keating

Almost two years after going public, the New York-based investment bank has raised $80 million for its first venture capital fund.

The New York-based private equity firm has joined forces with former Pacific Exchange CEO Philip DeFeo to put $500m to work in a securities exchange-focused platform.

The Silicon Valley venture firm will continue to invest in early stage companies.

The Boston-based firm has closed on a $3.5 billion private equity capital fund and a $778 million subordinated debt fund, after turning away billions of dollars in LP interest.

The chairman and CEO of Citigroup Alternative Investments is the latest senior manager to leave a large firm to start an entrepreneurial venture of his own.

Sowood Capital Management, a fund manager founded by former managers of Harvard University’s endowment, has closed a $1.24 bn commodity private equity fund.

Accel-KKR has acquired Covansys’ state and local government practice for $40 million in an add-on deal for its Saber portfolio company.

Jyoti Aggarwala, former managing director at Thomas Capital Group, has started her own placement agency that will connect LPs with India fund managers.

Kelda, a British utility company, breaks even as it sells US water utility Aquarion to Macquarie Bank for $860m, adding to the Australian firm’s growing infrastructure portfolio.

Equafin, the lead investor in the formation of Flagship Credit Corporation, formerly had ties to New York-based Capital Z.