Sunday, 21 September 2014
Last updated 1 day ago
Apr 27 2011 | 12:00pm ET
Bank of America has sold off a big chunk of its private equity assets to four private equity firms.
The investment bank agreed to sell its non-real estate private equity portfolio in Asia to NewQuest Capital Partners, a new firm backed by four other p.e. shops. Most of the assets were acquired by Merrill Lynch before its sale to BofA.
NewQuest, which has received commitments totaling about $400 million, is headed by four BofA Merrill Lynch veterans, Darren Massara, Amit Gupta, Bonnie Lo and Min Lin. Massara is managing partner.
The acquisition of the roughly 20 holdings was financed by Axiom Asia, HarbourVest Partners, LGT Capital Partners and Paul Capital.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.