Jennifer Harris

The two Salt Lake City firms completed the acquisition of MITY Enterprises, an industrial furniture supplier.

New York-based Bessemer Venture Partners has closed its latest fund, the first backed by outside investors, on more than $1 billion.

Former Bloomingdale’s head Marvin Traub has launched a designer-focussed private equity firm that recently made its first investment in UK fashion label Matthew Williamson.

New York- and San Francisco-based Behrman Capital has sold WIL Research Laboratories for $500 million, earning a 3.6x return.

Castanea Parters has made the first investment from its latest fund with the acquisition of clothing designer Betsey Johnson.

The proliferation of new private securities exchanges could help private equity firms become more institutionalized and function as a first step prior to a public listing, industry players say.

Riverside has sold Inscape Publishing to New York-based Sentinel Partners, resulting in a 3.2x return. It is the US firm’s sixth exit this year.

The AFL-CIO has sent a letter to TXU shareholders recommending that they approve KKR’s and TPG’s buyout bid, which will be voted on 7 September.

Warburg Pincus, Yorktown Energy Partners and Lehman Brothers have invested $1 billion in oil company Antero Resources.

Paladin Capital and a fund led by Credit Suisse, with the backing of the Abu Dhabi government, have invested $77 million in a producer of thin film solar products.