Jun 23 2006 | 7:30pm ET
Bank of Ireland Group and Paul Capital Partners have established a joint venture that will provide private equity funds-of-funds products and services to institutional investors. The joint venture will be called Paul Capital Top Tier Investments.
The joint venture will consist of Paul Capital's existing funds-of-funds business, including personnel, investment resources and facilities. Paul Capital will own 35% of the firm, while Bank of Ireland Group will pay $25 million for a 50% share of the company, which can be increased to 70% no earlier than 2008. Bank of Ireland will also pay $5 million in respect of interests in existing funds-of-funds. Key executives will own the remaining equity.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…