Saturday, 25 October 2014
Last updated 1 day ago
Feb 29 2008 | 12:33pm ET
Norway’s HitecVision Private Equity AS said it has received commitments of US$800 million for its new buyout fund, HitecVision V, exceeding the original US$600 million target.
The fund will make eight to 10 platform investments in the oil and gas industry in Europe and North America within the next five years, with equity investments ranging from $US30 million to US$150 million. Ole Ertvaag, CEO and founding partner of the Stavanger-based firm, said, “We are extremely pleased with the strong support we have received from our long-standing investor base and to welcome this high caliber group of new international investors to the fund.”
MVision Private Equity Advisers acted as global placing agent for the fund.
With the new fund in the fold, HitecVision now manages three p.e. funds with a total committed capital base of over US$1.2 billion.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.