Beverly Hills, Calif.-based Platinum Equity has raised $2.75 billion for its latest leveraged buyout fund.

Alternative investment and consulting firm LJH Global Investments has teamed up with leveraged buyout vet John Jonge Poerink to launch LJH Linley Capital, a new private equity firm that will invest in global mid-sized companies.

Chicago-based Water Street Healthcare Partners has closed its second private equity fund, at $650 million, bringing the firm’s total capital under management to more than $1 billion.

Buyout shops have been known to hold onto their investor’s money for as much as seven to 10 years, but one New York firm is taking lockups to new lengths.

A group of hedge funds has stepped up to help finance Apollo Management’s buyout of chemical giant Huntsman Corp.

State Street Corporation announced yesterday that the firm’s private equity assets under administration have surpassed the $100 billion mark.

Gottex Fund Management is taking its cue from super successful endowments like that of Harvard University.

Credit Suisse’s alternative investments business group has acquired a majority interest in New York-based Asset Management Finance Corporation, which provides working capital to hedge funds and other investment vehicles.

Sao Paulo, Brazil-based alternative investment firm Astra Investimentos has recently launched a fund aimed at giving foreign investors a piece of the booming Brazilian pie.

(Source: VC Circle) -- A former managing director of Citigroup Venture Capital International in India has reportedly snagged U.S.-based hedge fund Morgan Creek Capital as an anchor investor in his soon-to-be floated private equity fund.