Chelsea Stevenson

Babson Capital Management’s Tower Square Capital Partners Fund IV is targeting $1.6bn for lower mid-market mezzanine investments.

The $500m vehicle led by Gene Yoon has invested in eight companies since it was founded last year.

The Carlyle Group’s private equity fund of funds arm AlpInvest has raised $4.2bn for secondaries, including $750m for its AlpInvest Secondaries Fund V.

Ed Eiland, the former director of investor relations at HIG, joined the placement agent earlier this year.

The Connecticut-based firm is nearing its $700m hard-cap for Fund III, which will invest in mid-market companies in a variety of sectors.

The firm has hired Peter Malone, co-founder of aerospace advisory firm CSP Associates, as its 25th operating executive.

Mexico is the most industrialised country in Latin America by percent of GDP and presents attractive opportunities for fund of funds managers, says PineBridge's head of private funds group, Steve Costabile.

Lawrence Schloss will leave his post as chief investment officer for the New York City Retirement System to become the president of Angelo Gordon on 18 October.

The Chicago-based mid-market firm, which is in market with its Fund XI, will exit security and defence services provider Six3 Systems.

The Houston-based firm invests in in oil and gas properties throughout the Permian Basin, Texas Gulf Coast and the mid-continental regions of the country.