Wednesday, 1 April 2015
Last updated 2 hours ago
Jul 5 2012 | 12:09pm ET
BlackRock has agreed to buy Swiss Re's European private equity and infrastructure fund of funds businesses.
The world's largest asset manager will buy the US$7.5 billion unit for an undisclosed amount of cash. The deal is expected to close by the end of the third quarter.
Swiss Re will continue to hold the underlying investments in Swiss Re Private Equity Partners, and is in effect outsourcing the funds' management. It said it would continue to make private equity investments through SRPEP.
About 50 Swiss Re staffers, in New York; Zürich, Switzerland; and Bratislava, Slovakia, will be transferred to BlackRock Private Equity Partners. That business' chief, Russell Steenberg, will lead the combined unit, with SRPEP CEO Christian Hinze as his deputy.
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…