Monday, 4 May 2015
Last updated 8 hours ago
May 6 2008 | 12:09pm ET
New York-based Paul Capital has closed its ninth dedicated private equity secondaries fund with $1.65 billion in capital commitments. Investors in Paul Capital Partners IX include endowments, public and corporate pension schemes, sovereign wealth funds and family offices.
Paul IX will focus on buying secondary p.e. portfolios, including interests in limited partnerships and portfolios of direct investments.
“Secondary transactions enable investors to manage their liquidity profiles by treating private equity holdings as they would most any other asset class,” said David de Weese, general partner. “Increasingly, banks, insurance companies, pension funds, family offices, and other holders of private equity are turning to us to help them trim their portfolios and manage risk exposure and liquidity.”
Founded in 1991, Paul Capital currently manages $6.6 billion in capital commitments.
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…