Friday, 19 September 2014
Last updated 6 hours ago
Oct 4 2007 | 6:10am ET
KPS Capital Partners has added six professionals to its investment team following the closing of its third fund, KPS Special Situations Fund III, with $1.2 billion of committed capital.
Randy Hicks, formerly a senior managing director of origination for FirstLight Financial, has been named managing director and director of business development.
In addition, Ryan Baker, Michael Houy, Evan LePatner and Lee Mlotek have joined KPS as associates, while Sarah Weintraub has joined the firm as assistant controller. Baker was formerly a mergers and acquisitions associate at Paul, Weiss, Rifkind, Wharton & Garrison.
LePatner was formerly an associate at Kohlberg & Company while Houy was formerly an associate at Sun Capital Partners. Mlotek was a financial analyst at Peter J. Solomon, specializing in restructurings and mergers and acquisitions and Weintraub was formerly an associate in KPMG's audit practice, specializing in financial services.
KPS Capital focuses on investing in restructurings, turnarounds and other special situations.
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.