Thursday, 18 September 2014
Last updated 1 hour ago
Oct 30 2008 | 9:25am ET
Tenaska Capital Management has closed its second energy buyout fund with more than $2.4 billion of committed capital. TPF II is a follow-on to the firm’s $838 million Tenaska Power Fund, which closed in 2005.
Investors in TPF II include leading global financial institutions, endowments and public and private pension funds.
TPF II will invest in the power generation, including renewables, natural gas storage, pipeline and other gas midstream assets, and natural gas and power infrastructure goods and services sectors.
“The opportunity drivers in our core sectors (including strong demand for energy, aging infrastructure suffering from chronic underinvestment, rising environmental concerns and financial distress)—combined with our ability to provide capital and our operating expertise—play to our strengths,” said TCM senior managing director Paul Smith.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.