Matt Levin
Following Harvard’s purchase of a 12.5 percent stake in the alternative asset manager, Rio-based Gavea Investimentos is nearing $6 billion in assets under management.
The New York State Common Retirement Fund has re-upped with Bridgepoint and developed three new relationships.
Nearly double the size of its predecessor, the fund has already been 20 percent invested by the firm co-founded by Jerome Kohlberg, a founding partner of KKR who effectively retired from the private equity industry in 1994.
The alternative assets giant has issued a statement downplaying the damage credit-focussed Carlyle Capital Corporation may cause the overall franchise.
As Bain and TH Lee work to close their $22 billion Clear Channel buyout, a TH Lee executive appeared before a Congressional committee yesterday to champion private equity’s ownership of media and telecom companies.
As part of a renewed emphasis on alternative investments, the state's retirement fund has made commitments to venture, energy, and distressed funds.
The mid-market Canadian buyout firm has raised $62 million in three months.
Kevin Tunick is the second alternative investment manager to leave the influential endowment following the arrival of a new CEO.