Matt Levin

The publicity-shy buyout group says it has not made any changes to its GMAC and Chrysler holdings beyond original co-investments.

The emerging markets have sophisticated tech pockets but still trail the US considerably, according to a survey of venture firms.

The $39bn fund, which manages income from the state’s oil and mineral resources, has also cut its domestic equity and fixed-income exposure.

The $39.2 billion fund, which manages income from the state’s oil and mineral resources, has also cut its domestic equity and fix-income exposure.

The Boston-based commodities specialist has hit the hard-cap on its first independently raised fund since spinning out of collapsed hedge fund Sowood Capital last year.

Hunt Ventures, an investment arm for Dallas tycoon Ray Hunt’s personal and commercial wealth, hopes to 'springboard' to larger funds after landing its first institutional investor.

The $41.7bn retirement system has also committed $38.9m to Avenue Capital Group’s first European fund.

TPG and New Mountain Capital have joined an investment in Tygris Commercial Finance Group, which in turn has agreed to acquire a DLJ Merchant Banking-backed equipment finance company.

The publicly listed alternatives firm, which earlier this month posted an $813m loss and sacked 80 employees, will extend a mix of debt and equity to Core Business Credit.

A Goldman Sachs-led consortium lost out to Citi Infrastructure Investors and Spanish infrastructure operator Abertis Infraestructuras in what is potentially the largest toll road privatisation in US history.