Monday, 30 March 2015
Last updated 2 days ago
Apr 16 2010 | 12:40pm ET
With Quadrangle Group’s settlement of two probes into its involvement in a pay-to-play scandal could come a new fund from the firm.
New York-based Quadrangle plans to raise a new private equity fund, Reuters reports. The firm had earlier shelved plans to raise its third fund, but has now almost fully invested its second.
Quadrangle will spend the next few months preparing the fund before beginning meetings with investors.
Quadrangle is now exclusively a p.e. shop; the firm had managed about $5 billion for New York City Mayor Michael Bloomberg, but Bloomberg decided to remove that money from Quadrangle’s coffers and place it with a new investment firm that will manage his money exclusively.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…