KKR to appoint Katie Sudol as General Counsel; David Sorkin to become Chief Legal Officer
KKR & Co. Inc. today announced the appointment of Kathryn King Sudol as General Counsel of KKR. She will succeed David Sorkin who has served as General Counsel since 2007 and will become Chief Legal Officer of KKR. Both appointments are effective September 6, 2022. At the end of the first quarter of 2023, Ms. […]
Apollo and Blackstone looking to divest Canada’s Ridgeback for over $766m
Private equity firm Apollo Global Management and Blackstone Group’s credit arm are considering divesting Canada-based Ridgeback Resources, reported Reuters. A potential sale of the Canadian oil and gas producer could be valued at more than C$1bn ($765.58m). The move comes amid surging global oil price, which reached multi-year highs in recent months because of increased […]
Headline closes over $950m to invest in early-stage start-ups
Headline, a tech-enabled global venture capital firm, has closed $954 million in new capital across three distinct early-stage funds: Headline US VII, a $408 million North America-focused fund based out of San Francisco; Headline EU VII, a €320 million pan-Europe-focused fund based out of Berlin; and Headline Brazil III, a BRL915 million Latin America-focused fund […]
RCPDirect IV closes at $645.4m
RCP Advisors, a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, has held the final closing of RCPDirect IV (the Fund). The Fund was oversubscribed, with approximately $645.4 million in aggregate commitments, exceeding its target of $500 million. RCPDirect IV will continue the same investment […]
Japan’s Sumitomo Mitsui Trust to invest $1.5B in Apollo funds
Sumitomo Mitsui Trust Holdings will invest $1.5bn in funds managed by Apollo Global Management in a partnership ranging from private equity and real estate to infrastructure. The partnership with Japan’s largest trust bank could allow Apollo to expand its relatively small presence, compared to peers such as KKR & Co Inc and Bain Capital. Sumitomo […]
Blackstone announces $400m investment in Xpansiv, the leading global carbon and environmental commodities exchange platform
Blackstone announced today that funds managed by Blackstone Energy Partners have committed $400m to lead a strategic investment in Xpansiv, the premier market-infrastructure platform for global carbon and environmental commodities. Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels, each of […]
General Atlantic is said to be exploring an Initial Public Offering
General Atlantic, an investment firm with $79 billion in assets under management, is exploring an initial public offering, people with knowledge of the matter said. The firm, led by chairman and Chief Executive Officer Bill Ford as well as co-Presidents Anton Levy, Martin Escobari and Gabriel Caillaux, has offices across the globe including in Shanghai, […]
Telegraph Hill Partners raises $525m fifth fund for new life science and healthcare investments
Telegraph Hill Partners (THP), a venture capital and growth equity firm dedicated to building life science and healthcare technology businesses, has closed THP V, a new $525 million investment fund. The fund will make investments in innovative companies that are commercialszing advanced technologies in areas including life science tools, reagents, specialty chemistries, medical technology, medical […]
Churchill Asset Management raises $700m collateralized fund obligation
Churchill Asset Management, an investment-specialist of Nuveen that provides customized financing solutions to private equity firms and their portfolio companies, announced the closing of its inaugural collateralized fund obligation. The $700 million collateralized fund obligation will invest across Churchill’s flagship private capital fund strategies – senior lending, junior capital, equity co-investment and private equity fund […]
WTA opts for £150m CVC investment
The Women’s Tennis Association (WTA) is poised to sell a 20% stake to private equity firm CVC Capital Partners for £150m, according to The Times. While a WTA spokesman told The Times no decision over CVC had been finalised, the British newspaper reports that the deal is ‘pretty much done’ and is expected to be […]
