Monday, 20 October 2014
Last updated 42 min ago
Feb 26 2007 | 11:01am ET
Teachers' Private Capital, the private investment arm of the C$100 billion (US$86 billion) Ontario Teachers' Pension Plan, and the Canada Pension Plan Investment Board this month launched Actera Partners, a private equity fund focused on investment opportunities in Turkey. The two institutions have each committed €75 million (US$98 million) to the vehicle.
Actera Partners’ focuses primarily on buyout and growth equity investments across a broad range of industries in Turkey. In addition, the fund hopes to partner with Turkish companies in order to assist in their expansion efforts outside of the country. It expects to raise €250 million ($329 million) by mid-2007, according to TPC.
The decision to report the assets in Euros is largely because much of the remaining funds will be raised in Europe, explained Deborah Allen, the plan’s spokesperson.
Isak Antika, the founder of Istanbul-based investment banking boutique Antika Partners, and Murat Cavusoglu, a former investment banker with Goldman Sachs, are the fund’s portfolio managers.
Jim Leech, senior vice president of TPC, said, “Turkey is an attractive private equity market, with a large and growing population, a high number of quality mid-market businesses, and a developing economy which is expected to benefit from becoming increasingly harmonized with Europe.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...