Matt Levin
The publicity-shy buyout group says it has not made any changes to its GMAC and Chrysler holdings beyond original co-investments.
HarbourVest Global Private Equity has reaped a 3.9 percent gain in net asset value almost exclusively from secondary interests in its private parent company.
TPG and New Mountain Capital have joined an investment in Tygris Commercial Finance Group, which in turn has agreed to acquire a DLJ Merchant Banking-backed equipment finance company.
The publicly listed alternatives firm, which earlier this month posted an $813m loss and sacked 80 employees, will extend a mix of debt and equity to Core Business Credit.
The publicly listed alternatives firm, which earlier this month posted an $813m loss and sacked 80 employees, will extend a mix of debt and equity to Core Business Credit.
On a conference call, president Tony James touted his firm’s deal flexibility but said prices are ‘still way too high’ in the middle market.
The alternative asset manager’s blank cheque vehicle, formed last June, has purchased power plant operator Complete Energy Holdings, a TCW portfolio company.
The California pension has also reported commitments to Advent, Audax and Huntsman Gay.
The California pension has also reported commitments to Advent, Audax and Huntsman Gay.
A letter sent to Apollo limited partners explains the fund’s IRR will drop only minimally if an investment in the now-bankrupt housewares giant is marked down to zero.