Fund Management

Two recent exits further Noson Lawen's point that small is beautiful.

Bessemer Venture Partners will go ‘carbon neutral’ by the end of the year, a step few private equity or venture capital firms appear poised to take.

Swedish buyout firm Litorina Kapital, led by Harold Kaiser, has held the final close of its latest fund two times oversubscribed despite losing cornerstone investor Swedbank.

Trade buyer Towergate has bought IT company Open International from Montagu Private Equity, led by Chris Masterson, indicating trade sales are still viable as an exit route.

The New York private equity firm has acquired a 50 percent interest in a portfolio of Solo Cup manufacturing facilities throughout the US.

Conditions in the leveraged loan market mirror those in the subprime market, the IMF said in its semiannual report. The result could be a rise in defaults, widespread volatility and the drying up of dealflow.

US investment bank Lehman Brothers has closed its fifth venture fund on $365 million.

Recent disclosure of the US pension fund's $75 million allocation to a Carlyle-backed hedge fund has provided information as to the fund's structure and mandate.

European Capital has expanded its German debt team as it looks to benefit from reduced competition in the credit markets following the exit of CLOs and hedge funds.

Angelo Gordon has bolstered its private equity group before raising its fourth private equity fund, which is targeting $700 million, and a “reserve fund” aiming for $200 million.