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Global IPO market grinds to halt in Q3
trueDuring the third quarter, the global initial public offering market had its slowest issuance since the first quarter of 2012.
TPG hires partner from Canada pension investment board
trueMark Corbidge was named a partner at TPG, based in London, a company spokeswoman confirmed.
China, Southeast Asia-focused RRJ Capital III closes at $4.5 billion
trueRRJ Capital’s third private equity fund, RRJ Capital Master Fund III, has closed at $4.5 billion, said Richard Ong, chairman and CEO of the Hong Kong-based firm, in an e-mail Friday.
HQ Capital forms joint venture with CNL Commercial Real Estate
trueAlternative money manager HQ Capital and real estate services company CNL Commercial Real Estate have formed a joint venture to buy out CNL Financial Group’s stake in CCRE.
Preqin: Private equity fund closings fall by nearly 50% in third quarter
trueThe global private equity fundraising market had a lean third quarter, with the lowest number of fund closings Preqin has ever recorded, the data and intelligence firm said in a report released Thursday.
Nebraska Investment Council sets $100 million for 2 private equity funds
trueNebraska Investment Council made two new private equity commitments totaling $100 million.
Black River Asset Management to split into three employee-owned companies
trueBlack River Asset Management is splitting itself into three employee-owned investment boutiques.
Kansas Public Employees commits $300 million to real estate, private equity
trueKansas Public Employees Retirement System, Topeka, committed up to $300 million total to three alternatives funds.
Genstar, Aquiline to acquire Ascensus
truePrivate equity firms Genstar Capital and Aquiline Capital Partners announced Monday they had entered into a definitive agreement to purchase Ascensus, a defined contribution record keeper and administrator of 529 college savings plans.
KSL Capital Partners raises $2.68 billion for fourth fund
trueKSL Capital Partners closed its latest fund, KSL Capital Partners IV, with total commitments of $2.68 billion.
Accel-KKR Capital Partners V closes at $1.3 billion
trueAccel-KKR closed its fifth buyout fund, Accel-KKR Capital Partners V, at $1.3 billion, the money manager announced in a news release Monday.
New York State Common earmarks $1.3 billion for 10 funds
trueNew York State Common Retirement Fund made 10 new commitments totaling about $1.3 billion.
Boeing private equity director joins Wespath Investment Management
trueMark Warren left Boeing Co. as director of private equity to join Wespath Investment Management, the investments division of the Glenview, Ill.-based $21 billion General Board of Pension and Health Benefits of The United Methodist Church.
Private equity managers back new firm to take stakes in real assets managers
trueA consortium led by private equity firms Pine Brook Partners and Quantum Strategic Partners, a fund managed by Soros Fund Management, is investing $500 million to capitalize a new real estate investment firm, Tunbridge Partners.
GoldPoint Partners names head of business development
trueScott Higbee was named senior managing principal and head of business development at GoldPoint Partners, the private equity affiliate of New York Life Investment Management.