Wednesday, 1 October 2014
Last updated 21 min ago
Sep 4 2008 | 10:25am ET
Beverly Hills, Calif.-based Platinum Equity has raised $2.75 billion for its latest leveraged buyout fund. Platinum added that it has committed to make a substantial co-investment that will increase Platinum Equity Capital Partners II’s available capital to well over $3 billion.
Investors in the new fund include public and private pension funds, financial institutions, university endowments and trusts in North America, Europe and Asia.
“We hope to be just as successful with this new fund as we have been in the past, but this is no time for us to rest on our track record,” said Tom Gores, CEO. “We need to remain smart and vigilant, and we intend to do so.”
Gores founded Platinum was in 1995.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...