Thursday, 25 December 2014
Last updated 16 hours ago
Mar 27 2008 | 11:41am ET
Stamford, Connecticut-based Newbury Partners, a secondary buyout firm, recently held a first close on its maiden private equity fund at $702 million.
Investors in the fund, which was launched at the end of 2006 with a $700 million target, reportedly include New York Life, 3M Pension Fund and APIII, according to AltAssets.
The firm said the new fund is already 20% invested, with most of its having been completed following the subprime mortgage crisis in summer of last year.
Newbury Partners is a spin-off from Auda Private Equity.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.