Tuesday, 26 May 2015
Last updated 44 min ago
May 24 2011 | 12:14pm ET
BlackRock has launched a new direct private equity business, hiring the team behind Merrill Lynch's p.e. effort.
The firm said that Nathan Thorne, George Bitar and Mandy Puri joined as managing directors and will lead its new global private equity group. All three were instrumental in the launch of Merrill's private equity business in 1994.
The three will report to Matthew Botein, head of BlackRock Alternative Investors.
"As Matt and his team have worked to round-out our alternative offerings, we recognized that this particular business was the most important gap in the alternatives portfolio and one in which we have a clear competitive advantage," Robert Kapito, president of BlackRock, said.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…