Matt Levin

Choices Holdings, a portfolio company of the UK branch of Baird Private Equity, has acquired Scotland-based Domiciliary Care.

The cleantech start-up’s second financing round, which includes an investment from Bill Gates’ wealth management firm, has pushed its total outside funding to more than $100m. Other investors include ARCH Venture, Venrock and the Wellcome Trust.

Former MedImmune chief David Mott is the second high-level executive NEA has hired from the Maryland-based vaccine developer since its merger last year.

The publicly listed fund of funds is now trading at almost a 50 percent discount to NAV. In a statement, the fund says it is “hopeful” that a deal for Lehman’s asset management and alternatives units “will be made within a very short period of time”.

The Dallas-based private equity firm is exiting its remaining stake in Regency Energy Partners in a secondary public offering. It sold most of the midstream natural gas company to GE Financial Services last year.

Resource Capital Funds has also joined in the acquisition of Chevron Mining’s Nevada rare earth operations.

The Seattle savings and loan’s stock price is down 74 percent, spelling a paper loss of more than $1.4bn for TPG.

Confronting an increasingly overweighted private equity portfolio, CalPERS has made $920m in commitments to four private equity funds. Last week, fellow pension giant CalSTRS addressed the denominator effect while disclosing more than $1bn in fresh commitments.

The middle market specialist has added the three-term Republican governor to its executive advisory board.

HighView Investment Group, led by former BlackRock co-founder Ralph Schlosstein, has garnered $600m in commitments to target minority interests in independent alternative asset managers.