Tuesday, 21 October 2014
Last updated 6 hours ago
Oct 30 2007 | 4:21pm ET
Publicly-traded private equity firm American Capital Strategies has raised its second fund. The $585 million American Capital Equity II includes new investors such as AIG Investments, the asset management arm of American International Group, Landmark Partners, Paul Capital Partners, Lehman Brothers Secondary Opportunities Fund and SVG Advisers.
“We are very pleased to team up with six of the finest private equity fund investors in the world,” said Malon Wilkus, CEO of Bethesda, Md.-based AmCap, which manages $17 billion. “This transaction increases the assets under management of American Capital affiliates by 10% to a total of 31% of our total managed assets and will contribute to our growing asset management revenue.”
American Capital Equity II is buying 17% of the firm’s equity investments in 80 portfolio companies, for an aggregate cash purchase price of $488 million. The remaining $97 million committed to American Capital Equity II will be used to fund follow-on investments for the 80 portfolio companies.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...