Amanda Janis
The European mezzanine veteran will evaluate credit opportunities for Clayton, Dubilier & Rice.
Stephen Green will lead the mid-market firm’s European financial services activities as John Davison ends his six-year tenure to ‘pursue other interests’.
Investment staff will recommend the US pension giant increase its target allocation to private equity to 14%. It currently has 11.7% of its assets, or $21bn, invested in the asset class.
aj test aj test aj test aj test
Fortress, Lightyear Capital and Crestview Partners comprise the latest private equity consortium to purchase equity stakes in a US government-backed bank.
Each firm has purchased a photovoltaic plant that has an attractive government-backed feed-in tariff. The tariff – which locked in multi-year fixed rates for projects connected to the power grid from September 2007 to September 2008 – fuelled a solar development boom in Spain.
The publicly listed alternative investment firm will sell Class A shares to repay a portion of its outstanding debt as well as generate working capital that may be used to fund GP contributions to Fortress funds.
The Swiss fund of funds investor has raised nearly half of the combined $1.3bn it is seeking for its fourth European vehicle, its second Asia fund and sixth technology fund.
IDeA Alternative Investments has appointed as chairman Lino Benassi, whose chairmanships currently include Banca Italease and Credit Suisse Italy. IDeA plans to augment its private equity fund products with special situation, hedge, real estate and mezzanine products as well as to launch alternative investment firms in Southern Europe.
Julio Ramirez, who left Blackstone-affiliated placement agent Park Hill in March, has pleaded guilty to securities fraud. The allegations stem from the time Ramirez was employed by Wetherly Capital, prior to joining Park Hill; Blackstone told PEO its internal investigation revealed no misconduct at Park Hill.