Monday, 29 December 2014
Last updated 27 min 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.