Mar 15 2013 | 10:00am ET
Private equity has a problem, says NewGlobe Capital Partners founder and CEO Andrew Hawkins: A growing number of funds have reached the end of their lives in a market not conducive to exits.
NewGlobe, in partnership with Vanterra and Hamilton Lane, will target older p.e. funds—with no successor fund and no chance of the GP raising another vehicle—run by managers who “may have made one or two investment misjudgments” or who were “clobbered by the market which just went against them,” said Hawkins.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…