Friday, 26 December 2014
Last updated 1 day ago
Apr 9 2009 | 10:08am ET
New York-based Pine Brook Road Partners has closed its first private equity fund with capital commitments in excess of $1.43 billion. The fund will target equity investments of $100 million to $200 million in the energy and financial services sectors.
Pine Brook uses a “line of equity” structure that helps mitigate investment risk. Unlike traditional leveraged buyout investments where all the capital is invested upfront, Pine Brook’s “line of equity” approach advances capital over time as the investment opportunity becomes de-risked.
The fund is managed by a team of eight managing principals led by CEO Howard Newman. The other members of the group are Arnold Chavkin, Joseph Gantz, Robert Glanville, Robert Jackowitz, Craig Jarchow, Michael McMahon and William Spiegel.
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.