Graham Winfrey

The capital injection is matched by an investment of equal size from New York-based Anchorage Capital Group, part of an expected aggregate $325m capital raise by Central Pacific.

The South Carolina Retirement System is creating an in-house management company to make direct private equity investments.

The fund, Wellspring's largest ever, will give 100% of the transaction fee to LPs to pay down the management fee.

The firm exceeded its $500m target and has completed six portfolio company investments totaling nearly $90m, said managing Partner David Petrucco.

The firm had raised $700m for its first ever country-specific fund by Q3 and anticipates launching its next global private equity fund ‘early next year’.

Judge Jed Rakoff dismissed a juror Tuesday for discussing the trial a day before closing arguments in Terra Firma's case against Citi.

The firm’s 2006 global buyout fund, which raised nearly $18bn, is close to 75% invested.

The Greenwich, Connecticut-based firm’s fourth fund surpassed its target amount of $1.25bn. It is its largest ever fund.

The amount of damages Terra Firma might have collected in its fraud case against Citi - up to £7 billion - was reduced last week when the judge threw out the firm's claim of “lost profits” from its EMI investment.

The Oregon Investment Council has approved a commitment to WL Ross’ Recovery Fund V, targeting $4bn. The pension committed $200m to the firm’s predecessor fund in 2007.