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Elizabeth Wu

JPMorgan names new global head of financial sponsors

Gammage replaces former head Karen Simon, who took up the newly created position of head of director advisory services in April.

Five ex-Brazos execs close debut fund on $420m

The oversubscribed fund, raised by alumni from Brazos Private Equity Partners, reflects the importance of a track record and team experience when raising a debut private equity fund.

Platinum Equity seeks $5.5bn for Fund IV

The firm has received a new commitment from the New Mexico State Investment Council.

Experts on Brexit: buy but don’t sell

Private equity industry service providers said that post-‘Leave’ vote, the economic future of Great Britain looks promising for buying assets but challenging for selling them.

Schwarzman: PE will continue to outperform S&P

Despite lacklustre economic growth, Blackstone’s chairman and chief executive Stephen Schwarzman is confident that the alternative asset giant’s private equity investments can continue to deliver robust returns.

DC Capital holds interim close on $123m fund

The Washington, DC-based buyout firm, which focuses on mid-market contractors to the US government, is looking to grow in size: it is targeting $350m for its second fund, up from the $250m target for its debut fund.

Arbor raises $765m for fourth fund

The buyout firm, which invests in food and beverage companies, has also closed on its first debt vehicle, which will provide a source of subordinated debt for its fourth fund.

VC firm Thrive raises $700m for fifth fund

The fast-growing venture capital firm co-founded by Joshua Kushner – whose brother Jared is Donald J. Trump’s son-in-law – raised almost double the $400m it secured in 2014, and will now be managing almost $1.5 billion in assets.

Marlin closes on €325m for first European fund

The private equity firm that specialises in distressed turnarounds has raised its first fund to invest specifically in European buyouts.

Castle Harlan promotes controller to CFO

Gary Bialik takes up his post at a time of transition for the New York-based firm, which is considering new investment opportunities after suspending fundraising for its sixth fund last summer.

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