David Rapp
The New York-based independent investment bank announced the closing of its first venture capital fund on $102m.
Guggenheim Partners has hired alumni of HIG Capital and Legg Mason for the private fund group of its capital markets division.
Global investment bank Lehman Brothers announced that it has raised $1.6bn for a co-investment fund, and has already committed $330m among 10 transactions.
The private equity unit of the eponymous New York merchant bank today announced that Carlyle and Thomas Weisel Partners alum Alan Menkes has been named managing director of its private equity business.
US private equity firm Avista Capital Partners announced its $100m investment in seismic technology provider Geokinetics, to help finance the company’s $125m acquisition of its oil-exploration rival Grant Geophysical.
AIG Global Investment Group announced that it has closed on a $700m co-investment fund to invest in ’top-tier’ private equity buyout deals.
Private equity firm The Riverside Company has closed its new micro-cap fund on $250m, far above its target, and is pursuing an aggressive small-company investment strategy.
KSL Capital Partners, a private equity fund specializing in the travel and leisure sector, has closed its new fund on about $1.1bn, outraising its original target of $750m.
The venture capital firm announced the close of its second fund on $375m, which it plans to invest in biotech, pharmaceutical and medical device companies in various stages of development.
Private equity firms Catterton Partners and Oak Investment Partners bought Texas restaurant chain Cheddar’s from Brazos Private Equity Partners.