Private Equity

Private Equity: HSBC Closes Second Private Equity Fund

Private Equity: HSBC Closes Second Private Equity Fund HSBC has raised $260 million for its second Vision Private Equity fund.  Last year, HSBC’s private equity fund closed at $250 million.  The strategy for this fund is to make primary and secondary co-investments.  These investments will be made globally and across various sectors and strategies.   This …

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Private Equity: Onex Corporation Promotes Le Blanc to President

Private Equity: Onex Corporation Promotes Le Blanc to President Private equity firm Onex has promoted Bobby Le Blanc to president.  He will now oversee all business ventures and will serve as head of Onex Partners.  Le Blanc will also be in charge of reporting to Chairman and CEO Gerry Schwartz.  According to Schwartz, “Having joined …

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Private Equity: Carlyle Group Orders Quarantine Requirement 

Private Equity Giant Navigates Pandemic.  Private equity firm Carlyle Group ordered all employees who have used public transportation such as trains and buses to a 14 day quarantine.  The fund manager expects all of its employees at all offices to avoid public transportation.  If they happen to use public transportation at all, they must work …

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Private Equity: Private Equity Takes Away from Texas Retirement System

Private Equity Takes Away from Texas Retirement System The Employees’ Retirement System of Texas’s private equity portfolio has lost 2.14 percent as of June 30.  The private equity portfolio is worth $4.4 billion, but it was the biggest detractor at a 1.9 percent loss.  Before the Coronavirus pandemic, the private equity portfolio was strong at …

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Private Equity: Hong Kong Private Equity Firm Proposes $1.4 Billion Counter Offer

Private Equity: Hong Kong Private Equity Firm Proposes $1.4 Billion Counter Offer Buyout private equity firm Baring Private Equity has recently made an offer to buy Japanese nursing home operator Nichiigakkan.  Nichiigakkan has already agreed to Bain Capital’s $1.2 billion offer, but Baring claims to value the nursing home operator at 146 billion yen, or …

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