Suzanne Weinstock

The global investment bank and bank holding company has taken an equity stake in climate change offset company Blue Source as part of an alliance in which Goldman Sachs will market credits to its clients.

The resort operator, which was reportedly in danger of filing for bankruptcy, has refinanced its loan on the day it came due.

The middle market private equity investor had previously purchased securities in Bennigan’s Franchising subsidiary, which enabled it to prevent the unit from filing for Chapter 7 bankruptcy alongside parent company S&A in July.

The private equity firm co-founded by ousted AIG chief executive Robert Willumstad has acquired a 19% stake in BCSC, Brysam’s third transaction since its founding in January 2007.

Liquidity concerns have pushed LPs to the secondary market amid default anxiety, but the likelihood of major defaults looks slim, writes Suzanne Weinstock.

As private equity firms await a decline in valuations to deploy dry powder, GPs and LPs alike are looking at whether there is ample liquidity to meet capital calls.

Goldman Sachs, The McGraw-Hill Companies, SAP Ventures and Bessemer Venture Partners have added $23m on to the $53m in Series D financing the professional networking site raised over the summer.

Greatwide Logistics Services, purchased last year for $730m, has filed for Chapter 11. The company is saddled with $600m in debt and its first lien lenders including Centerbridge and DE Shaw intend to buy the company early next year.

The Alaska Permanent Fund has brought on former Microsoft executive Jeffrey Scott to manage the $30bn state investment fund.

A report from Moody's Corporate Finance reveals an increase in private equity-backed companies that are electing to use their payment-in-kind option to make interest payments.