Friday, 19 September 2014
Last updated 9 hours ago
Jul 12 2007 | 2:01pm ET
The Riverside Company has closed its third European fund at €315 million (US$433 million).
Institutional investors and investment advisors that invested in the fund include Massachusetts Mutual Life Insurance Company, Alfred I. duPont Testamentary Trust and Altius Associates.
Riverside Europe Fund III focuses on the smaller end of the middle market spectrum on companies with enterprise values between €15 million and €120 million. "After 18 years of hard work, we are now able to say that Riverside holds the distinction of being the only pan-European buyout firm focused exclusively on the smaller end of the middle market,” said Béla Szigethy, Riverside’s co-CEO.
“Although much larger than our last European fund, the size of REF III fits perfectly with our current pace of investment in Europe. We have been very active in that market in the recent past, completing six European acquisitions and two exits since January 2006. We expect that pace to accelerate as we continue to open new offices, most recently in Brussels and Madrid."
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.