Sunday, 21 September 2014
Last updated 1 day ago
Jan 9 2008 | 11:10am ET
Private equity firm Sorenson Capital has closed its second private equity fund, which has attracted approximately $400 million in capital. It is the largest closing to date for a Utah-based p.e. firm.
Sorenson is best known for its high-powered management team, including founding managing directors Fraser Bullock, who was chief operating officer of the 2002 Salt City Winter Olympics; Ron Mika, a former managing director of Bain Capital; and Tim Layton, former president and CEO of Medeco Security Locks and managing director of Alpine Consolidated.
“We want to find and help grow enterprises in the western United States that have promising products or services and positive cash flows,” said Bullock. “We’re Westerners ourselves and we believe many of the businesses in this region have plenty of untapped potential.”
Sorenson Capital Partners II will invest primarily in companies with revenues between $30 million and $300 million.
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.