Jan 27 2011 | 1:27pm ET
The Carlyle Group has struck a deal to buy fund of private equity funds giant AlpInvest Partners, it said yesterday.
The deal reportedly values AlpInvest at several hundred million dollars. Carlyle will own a majority stake in the firm, but AlpInvest's managers will retain a 40% economic stake and a 50% voting stake.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…