Monday, 22 September 2014
Last updated 5 hours ago
Jun 14 2007 | 10:44am ET
Middle-market buyout shop Avista Capital Partners has held a final close of its eponymous first private equity fund. The offering was oversubscribed by $500 million, accroding to the firm, raising some $2 billion.
Approximately 60 institutional investors invested in the fund, including public and corporate pension funds, financial institutions, endowments and foundations, as well as individuals and family offices. The general partners of Avista are collectively the largest investors in the fund with a commitment of $161 million.
Avista is focused on three industry sectors, energy, healthcare and media, in which its professionals have expertise. Within these, the firm makes controlling or “influential” minority investments, primarily in U.S.-based companies. Since its initial closing in the spring of 2006, the firm has already invested or committed approximately $1.1 billion to 14 companies.
Avista Capital Partners was formed in 2005 by seven partners who worked together at DLJ Merchant Banking Partners.
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.