Friday, 27 November 2015
Last updated 1 day ago
Jul 19 2010 | 1:00pm ET
AlpInvest Partners is for sale, and the Blackstone Group is very interested.
Europe’s largest private equity investor put itself up for sale two weeks ago after one of its flagship investors, the Dutch pension fund manager PGGM Investments, called into question its future relationship with the money manager. While the firm is still expected to be sold to its management team, led by CEO Volkert Doeksen, Blackstone is also regarded as a strong bidder, Financial News reports.
AlpInvest has received expressions of interest from several institutions, according to FN, among them are other asset management firms and sovereign wealth firms. The auction of AlpInvest is being run by Credit Suisse Group.
AlpInvest currently boasts €46 billion in commitments from its pension fund clients.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…