Wednesday, 17 September 2014
Last updated 21 min ago
Feb 5 2014 | 8:27am ET
The Carlyle Group has closed its deal for fund of hedge funds Diversified Global Asset Management.
The private-equity giant completed the acquisition for the US$6.7 billion Toronto-based firm yesterday. The purchase, which will cost Carlyle as much as US$103 million, was announced in December.
DGAM becomes Carlyle's fund of funds platform. It remains run by co-founders George Main, Warren Wright, Graham Thouret and Jeff Lucassen, who set the firm up in 2004.
Carlyle paid US$33 million upfront for DGAM, and could make additional performance-based payouts of up to $70 million over the next seven years.
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…
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