Wednesday, 1 April 2015
Last updated 10 hours ago
Jul 26 2011 | 9:49am ET
Secondary private equity firm Paul Capital has paid €70 million for an interest in a portfolio of p.e. assets managed by London-based Cognis Capital.
The portfolio is comprised of 20 mostly European assets across a diverse range of industry sectors. Paul Capital made the investment through the newly formed Ffenics I Fund and will also provide follow-on capital to the existing investments. The company says the transaction will provide liquidity to investors but also gives them the option to rollover their investment into the new fund.
“Cognis has built a promising portfolio and we are delighted to partner with their talented team and give them the opportunity to create maximum value in their portfolio,” said Elaine Small, partner at Paul Capital's London office.
Founded in 1991, Paul Capital manages U$4.5 billion in capital commitments in its secondary program and has offices in Hong Kong, London, New York, Paris, San Francisco and Sao Paulo.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…