David Snow

The private equity giant will begin investing in the financial sector following the hiring to two senior executives from Mercantile Bankshares and Hartford Financial, respectively.

The Boston middle-market Bain spin-out has closed its third private equity fund on $1 billion.

The New York firm, led by former Forstmann Little pro Steven Klinsky, has set a target of $3 billion for its next private equity fund as LPs clamour for allocations.

Emerging Capital Partners, the Washington DC-based offshoot of AIG Africa Infrastructure, has rounded up $523 million for a new fund targeting the continent. Already the firm is prepping a 3x exit from the new fund.

Alinda Capital, a firm led by the former head of project finance at Citigroup, has raised three times more than originally sought for a debut infrastructure fund, the ‘first in a series of infrastructure funds’.

In a startling development, a soon-to-be established state investment company of the People’s Republic of China will make a $3 billion investment in Blackstone as the alternative investment giant prepares to go public. Blackstone’s Schwarzman is calling the deal a ’paradigm shift in global capital flows’.

Teachers’ Private Capital, the private equity arm of the Canadian pension, has launched its first foothold outside of Toronto with a London office led by Andrew Claerhout.

San Francisco-based Paul Capital Investments has hired Dana O’Brien, a Cornerstone Equity co-founder, to lead a New York-based programme for co-investment alongside the firm’s GP relationships.

The Austin, Texas-based sale-leaseback firm has begun investing its sixth fund.

As the beleaguered California gatekeeper announces a new ownership structure, CalPERS is committing $800 million to ‘cleantech’ and emerging markets programmes managed by PCG.