LeapFrog Investments, the emerging markets fund manager with a focus on “purpose-driven” businesses, has raised $204 million for its second private equity fund.
The Canada Pension Plan Investment Board is the world's biggest private equity investor, with $3.99 billion committed as of March, according to new research from PEI.
Citigroup is all-but-out of the alternative investments business following the sale of more than $6 billion in assets, including a $4.3 billion private-equity fund.
Citi sold its Citi Venture Capital International to p.e. shop Rohatyn Group, led by Felix Rohatyn's son, Nick. Citi last month also sold a $1.9 billion emerging-markets hedge fund to its management, the latest in a string of management buyouts for Citi alternative investments business.
The U.S. Justice Department has launched an investigation into a private-equity firm's hiring of a former Army officer who led a unit that did business with one of its portfolio companies.
Bruno Wu's BT Capital—which he set up last month with former Bertelsmann CEO Thomas Middlehoff—will raise the money to invest in media companies, especially those plotting expansions in Asia. It will invest in small- and mid-sized companies "the need China for the next wave of expansion," including Internet, digital media and e-commerce operations.
Crude oil has broken through levels not seen since 2014 and it appears to be entering a new phase, ending the downward super cycle that took crude from above $100 per barrel to under $30, and entering a phase where both supply and demand are expected to grow.