Paul Fruchbom

The global ING-affiliated private equity firm has closed its fourth primary fund of funds on $250 million.

The private equity firm has agreed to acquire publicly traded hospitality company Wyndham International for approximately $3.2bn from Apollo and Thomas H. Lee, beating out competitors such as Goldman Sachs and Lehman Brothers.

The country’s $133bn pension fund has pledged $350m to two Asian private equity funds as it looks to commit $7bn to the sector over the next five years.

Through its portfolio company Targa Resources, the global private equity firm has announced the acquisition of the midstream energy business of Dynegy for approximately $2.4bn.

In its third exit in two months, San Francisco-based Gryphon Investors, along with Crosslink Capital, has sold sales training provider Miller Heiman to private equity firm Leeds Weld, generating a return of more than 5x its initial investment.

The private equity firm has agreed to purchase $1.8bn of New York City property from real estate mogul and TV personality Donald Trump.

The New York venture capital firm has closed its fifth fund on $675m with limited partners including Goldman Sachs, HarbourVest and Pantheon Ventures.

The New York-based private equity firm is opening an office in India, as well as earmarking $1bn for investment in the country.

The New York-based mezzanine firm closed its fourth fund on $800m, four times as large as its last vehicle.

Guggenheim Aviation Partners has closed a new fund to purchase used passenger planes, partnering Guggenheim Capital with a group of aircraft lease experts.