Fundraising

The firm's co-founder Randal Nardone will assume the role of interim CEO now that SEC-charged Daniel Mudd (pictured) has taken a leave of absence.

The firm's co-founder Randal Nardone will assume the role of interim CEO now that SEC-charged Daniel Mudd (pictured) has taken a leave of absence.

The social online gaming company’s liquidity event could increase LP appetite for venture capital, considered by some LPs to be the ‘least loved’ of the asset classes.

After two years of significantly lower commitment levels to alternative investments, the pensions system ramped up its commitment pace this year to about $1.8bn as of 30 September, and has chosen managers like Blackstone, GSO and Oaktree.

The $50bn pension, which has a 10% allocation to private equity, has committed $50m to TSG Consumer Partners VI, which closed earlier this month on $1.3bn after only 60 days in the market.

The distressed investment-focused firm has formed a $300m customised account with New Jersey’s $68bn state pension system to take advantage of the huge need for financing in the mid-market.

Knock-out return for The California Public Employees’ Retirement System’s (CalPERS) from its original $500m commitment to GI Partners Fund I.

A 1% management fee on invested capital was one of several choice economic terms that New Jersey's alternatives chief Christine Pastore helped build into customised funds managed by Blackstone.

The bankrupt parent company of American Airlines had $389m-worth of unfunded exposure to private equity funds as of 31 December. It’s not clear if the company will continue to meet capital calls through bankruptcy proceedings.

Portugal’s PPP liabilities – most of them in the transport sector – represent a staggering 14% of GDP. The country’s roads agency, which doles out payments to concessionaires, is threatening to go bust in 2014. Bruno Alves takes a peak at a worrying future