Saturday, 28 March 2015
Last updated 1 day ago
Jun 12 2007 | 9:02am ET
U.K.-based Standard Life Investments yesterday held a final close of its latest private equity fund of funds.
European Strategic Partners 2006 raised some €900 million (US$1.2 billion); the firm also said it took in US$300 million dollars for its first U.S. p.e. fund of funds product, the North American Strategic Partners, earlier this year.
David Currie, CEO of Standard Life Investments (Private Equity), said, “I am delighted to announce the successful final close of both of these private equity funds of funds which represents a total of over £760 million sterling (US$1.5 billion). ESP 2006 started to make commitments to European buyout firms soon after its first close and now has twelve funds in its portfolio. The co-investment portfolio is also progressing well with four investments.”
Standard Life manages a range of p.e. funds of funds as well as traditional products.
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…