Wednesday, 6 May 2015
Last updated 58 min ago
Jan 25 2008 | 12:15pm ET
In a possible sign of things to come, the New Jersey Division of Investment said that it may team up with private equity firms, sovereign wealth funds and other institutional investors on new deals.
William Clark, who heads the $81 billion division, said discussions have been going on for about six months, the Wall Street Journal reports. Among the potential deals are investments in p.e. firms, and further bailouts of banks battered by the credit crisis. The Garden State bought $700 million in preferred stock from Citigroup and Merrill Lynch in the wake of the subprime fiasco.
“We think there are advantages for large institutional investors banding together to drive more favorable terms,” Clark said. “You saw what those advantages are in the Merrill and Citi deals.”
The discussions have also focused on investing in p.e. firms, which have found borrowing much more difficult in the current credit environment.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…