Prudential Fund Buys New River Center for $108M
A real estate investment fund linked to Prudential Financial Inc. paid a staggering $108 million for Fort Lauderdale's New River Center in a joint venture with Stiles Corp...
MBTA Waits Over a Year to Disclose Problems at Hedge Fund
The MBTA Retirement Fund waited more than a year to disclose problems at a hedge fund firm where it had invested $10 million. The firm is now shutting down, its chief executive banned from the securi...
HDFC to Raisere $500M Real Estate Private Equity Fund
The Home Ministry will send an advisory to all states asking them to sensitise schools and other academic institutions to take all security precautions....
What You Should Know About Medina Capital’s $182M Fund
Terremark founder Manny Medina, who sold his company Terremark to Verizon in 2011, speaks to entrepreneurs at the LAB Miami on Oct. 21, 2014....
Thackeray Partners Closes $300M Real Estate Fund
The fund was raised with general partner and limited partner equity commitments totaling $300 million versus the targeted $250 million....
Apax Nears Target on its $300M Israeli Mid-Market Fund
fThe Apax Middle-market Israel (AMI) fund will target the country’s technology, telecoms, healthcare, services and consumer sectors, the source said on Thursday. Apax is the investment adviser....
China to Establish $40 Billion Silk Road Infrastructure Fund
Chinese President Xi Jinping said on Saturday China will establish a $40 billion infrastructure fund to build a new Silk Road. Xi made the comments at a dialogue meeting on strengthening connectivity and improving cooperation in the country's neighborhood. Attending the meeting were the leaders of Bangladesh, Cambodia, Laos, Mongolia, Myanmar, Pakistan and Tajikistan, and representatives of the United Nations Economic and Social Commission for Asia and the Pacific and the Shanghai Cooperation Organization.
Arago Receives $55M from KKR to Automate
Arago’s main product is “AutoPilot,” which took eight years to develop. It features algorithms that allow companies to automate their entire IT stack, which is considered to be disruptive to the way ...
There's No Shortage of Competition in PE Tech, But What Makes the Big Players Different?
Enterprise tech start-ups are on fire. Every day it seems there's at least one mega financing in a company that's taking on the incumbents with a faster and more efficient, sleeker and more cost-effe...
New Mountain Closes $4.13B Private Equity Fund
“We thank our Fund IV investors for their friendship and partnership,” said Steven B. Klinsky, founder and CEO of New Mountain. “We will do our best to reward their confidence with stro...