Matt Levin

The $2.7bn Fresno County Employees’ Retirement Association has increased its exposure to real estate and private equity while launching a new ‘real asset’ allocation, which includes infrastructure.

The middle market specialist has hired former MultiPlan president Harvey Sigelbaum and MBF Healthcare Partners director Joseph Ibrahim to lead the firm’s healthcare initiative. In related news, Avista Capital Partners has tapped former Johnson & Johnson executive Patrick O’Neill.

The Cleveland, Ohio-based growth equity specialist has exceeded its target of $250m.

The Washington DC-based firm will provide growth equity to Three Seasons Capital-backed Vehicle Production Group, which has created a car for individuals with mobility problems, as well as taxis and other specialty markets. In related news, Perseus has likely lost out on its bid for bankrupt Frontier Airlines.

The $16.1bn pension is also set to commit $75m to Falcon Investment Advisors, a middle market focused mezzanine firm.

Tone Grant plans to appeal his conviction for his role in the $2.4bn defrauding of TH Lee and other investors.

The Southern California private equity firm has sold portfolio company US Education, netting a ‘strong return’, to vocational school giant Devry.

The Carlyle energy affiliate has spun-out Gibson Energy Holdings from London-based oil giant Hunting.

The publicly listed investment firm also disclosed in its second quarter earnings call that it is nearing its $2.5bn target on a private equity-style credit fund – yet its fundraising pace has dropped more than 70 percent compared to the same period last year.

The Vancouver-based cleantech firm has more than doubled its previous fundraising total, with new commitments from strategic investors Asahi Glass, Umicore and Bekaert.