TowerBrook Capital Partners has held a $1.3 billion final close on its inaugural fund. The TowerBrook team spun out of Soros Asset Management in April of last year.
2 min read · 12 January 2013
As capital continues to flow into private equity real estate, GPs are gaining the upper hand in negotiating the terms of their fund documents—but that doesn't mean LPs are staying quiet. By Paul Fruchbom
10 min read · 12 January 2013
How long is long-term? As general partners raise, deploy and return capital faster than ever before, their investors may be in danger of getting used to private equity's new short-termism. Ken MacFadyen reports.
8 min read · 12 January 2013
Arif Naqvi, founder of Abraaj Capital, never intended to build a private equity business. Today, he presides over the largest such entity investing in the Middle East and North Africa. An eloquent spokesman for the asset class' importance in the Arab world, he recently shared his vision for the industry and the region with Philip Borel.
10 min read · 12 January 2013
Brad Greenspan, the former head of Myspace.com parent Intermix Media, is suing the company and its former VC backers, VantagePoint Venture Partners, claiming he was unjustly squeezed out.
3 min read · 12 January 2013
Michael Gross, a founding partner of New York-based Apollo Management, will step down from the firm to pursue an ‘entrepreneurial’ project.
2 min read · 12 January 2013
Trans World Entertainment has agreed to buy Sun Capital portfolio company Musicland out of bankruptcy. The company’s stay in Chapter 11 has reportedly been tainted by allegations of impropriety.
2 min read · 12 January 2013
Equafin, the lead investor in the formation of Flagship Credit Corporation, formerly had ties to New York-based Capital Z.
2 min read · 12 January 2013
European buyout firm Permira has announced the promotion of three partners and the retirement of two others.
2 min read · 12 January 2013
The Paris office of the global private equity firm has carried out the second recapitalisation of Parkeon Group.
2 min read · 12 January 2013
