Monday, 22 December 2014
Last updated 9 hours 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.
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.