Wednesday, 1 April 2015
Last updated 5 hours ago
Feb 3 2012 | 12:20am ET
TPG Capital will pay for about one-third of hedge fund administrator GlobeOp Financial Services with debt.
The private equity giant said this week that Credit Suisse would arrange $291 million in financing for the $800 million acquisition.
TPG announced earlier this week that it had struck a deal to buy London-based GlobeOp, which put itself up for sale last month. TPG said it planned to finance the administrator's expansion, while leaving the firm in the hands of its current management team.
The buyout requires the approval of GlobeOp's shareholders.
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…