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Marine Cole

As Americas Editor for Private Equity, Marine Cole oversees and directs the deployment of resources across PEI Media’s portfolio of private equity-focused titles in North America, including Private Equity International, private funds management and Secondaries Investor. Based in New York, she has been reporting and writing on finance and business topics for more than a decade, including credit markets, tax and accounting, retirement, marketing and personal finance.

Apollo plans long-term hybrid credit, equity fund

Co-founder Leon Black said the vehicle is a work in progress and one of several projects to augment permanent or long-term capital at the firm.

UPS: Abuse credit lines and we won’t invest

Almost all funds the corporate pension invests in have the ability to use a subscription line of credit, according to UPS portfolio manager Brady Hyde.

The case for separate accounts

Multi-strategy managers are vying for SMA money, with KKR reportedly in line to land a $3bn whopper.

Apollo shares boost CalPERS’ PE portfolio

Apollo’s stock, which falls under the growth and expansion strategy in the pension plan’s private equity portfolio, grew nearly 75% in the year ended 30 June.

Deal valuations reach new highs in H1

The average multiple was inflated by buyouts of $1bn and above, and by consumer and tech transactions.

CalPERS may need to up its commitment pace

Some board members asked whether it is reducing the investment opportunity set by consolidating its roster of managers.

Fly me to the moon

The latest record fundraising figures across alternative asset classes show CIOs continue to see private investments, and not just private equity, as the most compelling in the long term.

Subscription lines of credit are 'widespread'

Jeff Johnston and Mike Mascia of the Fund Finance Association explain why subscription-line facilities are on the rise.

Bain portfolio company files for bankruptcy

Bain bought children’s retailer Gymboree in 2010 out of its tenth vehicle, which as of 30 September recognised a 7.69% net IRR.

Apollo Special Situations fund holds close

The fund, which targets longer-dated private market opportunities that don’t fit in its flagship fund, is nearing the halfway mark toward its $750m target.

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