Private equity

StepStone Group Announces 2024 Partner and Managing Director Promotions

Retrieved on: 
星期四, 二月 1, 2024

NEW YORK, Feb. 01, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, has named 8 new partners and 18 new managing directors.

Key Points: 
  • NEW YORK, Feb. 01, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, has named 8 new partners and 18 new managing directors.
  • Congratulations to all.”
    David Allen joined StepStone in 2021 and is based in Dublin.
  • He is CEO of StepStone’s EU Alternative Investment Fund Manager (AIFM) and a member of the Private Debt team.
  • Lisa Larsson joined StepStone in 2017 and is based in New York.

Parexel Appoints Susan R. Salka to Board of Directors

Retrieved on: 
星期四, 二月 1, 2024

DURHAM, N.C., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Parexel, one of the world’s largest clinical research organizations (CROs) providing the full range of Phase I to IV clinical development services, today announced the appointment of Susan R. Salka, retired Chief Executive Officer and President of AMN Healthcare Services, Inc., to its Board of Directors.

Key Points: 
  • DURHAM, N.C., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Parexel, one of the world’s largest clinical research organizations (CROs) providing the full range of Phase I to IV clinical development services, today announced the appointment of Susan R. Salka, retired Chief Executive Officer and President of AMN Healthcare Services, Inc., to its Board of Directors.
  • Ms. Salka brings more than 30 years of healthcare leadership experience to Parexel, serving as AMN Healthcare’s Chief Executive Officer and President from 2005 to 2022, and as a director of the company from 2003 to 2022.
  • “We are thrilled to welcome Susan to the Parexel Board,” said Sheri McCoy, Chairperson of the Board.
  • "I am pleased and honored to join Parexel’s Board of Directors," said Susan Salka.

UNITE HERE Local 11: Proposed $3.5 Billion Deal by Landlord and Hotel Owner Blackstone Group Could Worsen Housing Crisis

Retrieved on: 
星期三, 一月 31, 2024

As Blackstone seeks to grow as a landlord, workers at its hotel properties struggle to afford rent.

Key Points: 
  • As Blackstone seeks to grow as a landlord, workers at its hotel properties struggle to afford rent.
  • While 29 hotels have settled agreements that will enable workers to survive in Southern California, Blackstone’s hotels have failed to do so.
  • Most workers at Blackstone’s LAX hotels make $21 per hour, and would have to spend 55% of their pre-tax income to afford a one-bedroom apartment.
  • Blackstone initiated a wave of evictions in 2022, and in some cases filed to evict tenants who owed just one month’s rent.

OceanSound Partners Hires Julie Marracino to Lead Investor Relations

Retrieved on: 
星期二, 一月 30, 2024

OceanSound Partners (“OceanSound”), a private equity firm that invests in technology and technology-enabled services companies serving government and highly-regulated enterprise end-markets, today announced it has hired Julie Marracino as Principal of Investor Relations.

Key Points: 
  • OceanSound Partners (“OceanSound”), a private equity firm that invests in technology and technology-enabled services companies serving government and highly-regulated enterprise end-markets, today announced it has hired Julie Marracino as Principal of Investor Relations.
  • Ms. Marracino will be responsible for OceanSound’s investor relations and fundraising activities.
  • View the full release here: https://www.businesswire.com/news/home/20240130732222/en/
    Julie Marracino, Principal of Investor Relations at OceanSound Partners (Photo: Business Wire)
    “We are excited to welcome Julie Marracino to OceanSound as the newest addition to our team.
  • She brings proven investor relations experience to our firm from a lengthy career in private equity capital formation and client services,” said Joe Benavides , Managing Partner of OceanSound Partners.

PPM America Capital Partners Closes On $660 Million Private Equity Fund

Retrieved on: 
星期二, 一月 30, 2024

PPM America, Inc.’s (PPM) private equity arm, PPM America Capital Partners (PPMACP) today announced the final closing (December 31, 2023) of its eighth co-investment fund, PPM America Private Equity Fund VIII LP (together with its parallel fund, referred to herein as Fund VIII), a vintage 2021 fund.

Key Points: 
  • PPM America, Inc.’s (PPM) private equity arm, PPM America Capital Partners (PPMACP) today announced the final closing (December 31, 2023) of its eighth co-investment fund, PPM America Private Equity Fund VIII LP (together with its parallel fund, referred to herein as Fund VIII), a vintage 2021 fund.
  • The final close amount of $660 million is PPMACP’s largest to-date, surpassing its previous fund which closed in 2018.
  • View the full release here: https://www.businesswire.com/news/home/20240130400560/en/
    "This closure continues our track record of increasing the size of each subsequent fund.
  • We are incredibly grateful to our limited partners who have shown confidence in our ability to create value through manager and asset selection in these uncertain and volatile markets," said Champ Raju, PPM America Capital Partners' Managing Director, Head of Private Equity.

Chubb Appoints Seth Gillston Head of North America Industry Practices

Retrieved on: 
星期三, 一月 31, 2024

WHITEHOUSE STATION, N.J., Jan. 31, 2024 /PRNewswire/ -- Chubb has named Seth Gillston Executive Vice President, Head of North America Industry Practices.

Key Points: 
  • WHITEHOUSE STATION, N.J., Jan. 31, 2024 /PRNewswire/ -- Chubb has named Seth Gillston Executive Vice President, Head of North America Industry Practices.
  • He will be based in New York City and report to John Lupica, Vice Chairman, Chubb Group and President, North America Insurance.
  • "Seth's rich history with Chubb, including experience leading some of our Industry Practices over the years, positions him to succeed in his new role.
  • Chubb North America Industry Practices include Energy , Real Estate & Hospitality , Construction , Life Sciences , Financial Institutions , Transportation , Manufacturing , Technology , Healthcare and Private Equity .

Zum Fast-Tracks Revolution To Modernize School Transportation With $140M Funding Round Led by GIC

Retrieved on: 
星期三, 一月 31, 2024

REDWOOD CITY, Calif., Jan. 31, 2024 /PRNewswire/ -- Zūm, the leading provider of modern student transportation, today announced a $140 million Series E funding round. This new funding round was led by GIC, a leading global investment firm. Climate Investment, a decarbonization investor, and existing investors including Sequoia and SoftBank Vision Fund 2 also participated in the round, elevating the company's valuation to $1.3 billion—a significant increase from its previous series D raise in Oct 2021. This round brings Zum's total fundraise to $350 million.

Key Points: 
  • This new funding round was led by GIC, a leading global investment firm.
  • Zum has transformed the outdated student transportation industry, previously riddled with inefficiencies and a lack of transparency, through its innovative approach to digitization and electrification.
  • It is also leading the industry forward with the shift to EV school buses in major metropolitan school districts.
  • From modernizing student transportation to modernizing the grid, Zum is ushering in a new green era through its advanced technology and electrification.

McWhorter Foundation Confirms Powerhouse Legal Teams: Frankfurt Kurnit Klein & Selz and Becker & Poliakoff

Retrieved on: 
星期六, 一月 27, 2024

McWhorter has announced the securing of powerhouse legal representation and upcoming ventures in the sports sector.

Key Points: 
  • McWhorter has announced the securing of powerhouse legal representation and upcoming ventures in the sports sector.
  • McWhorter has partnered with two prominent legal firms, Frankfurt Kurnit Klein & Selz, PC, for entertainment representation, and Becker & Poliakoff, P.A., for securities and compliance.
  • will offer their specialized services in securities and compliance, ensuring diligent oversight as McWhorter's companies navigate complex regulatory landscapes.
  • McWhorter Foundation has not registered with the U.S. Securities and Exchange Commission (SEC) and may operate under exemptions.

Pacific General Appoints Pieter Wernink and John Romney as Senior Advisors

Retrieved on: 
星期四, 一月 25, 2024

In his role as Senior Advisor to Pacific General, Mr. Wernink will advise Pacific General on evaluating and structuring investment opportunities by bringing in-depth experience of executing various private investments globally.

Key Points: 
  • In his role as Senior Advisor to Pacific General, Mr. Wernink will advise Pacific General on evaluating and structuring investment opportunities by bringing in-depth experience of executing various private investments globally.
  • In his role as Senior Advisor to Pacific General, Mr. Romney will advise Pacific General on origination strategy, while also supporting to expand the firm’s investor relationships and the portfolio’s value creation strategies.
  • Pieter Wernink, Senior Advisor at Pacific General, said: “I am delighted to be part of Pacific General’s growing Private Equity team.
  • Given today’s complex geopolitical dynamics and challenges, Pacific General is uniquely positioned to create compelling cross-border investment strategies which appeal to many investors.”
    Matthew Yoon, Managing Partner at Pacific General, commented: “We are thrilled to welcome both Pieter and John to Pacific General.

Fengate Private Equity and Weathervane Investments Announce Acquisition of Saco Foods

Retrieved on: 
星期一, 一月 22, 2024

MIDDLETON, Wis., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Fengate Private Equity (“Fengate”), a division of Fengate Asset Management, today announced it has completed the acquisition of Saco Foods Holdings, LLC (“Saco” or “the Company”) from Benford Capital Partners.

Key Points: 
  • MIDDLETON, Wis., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Fengate Private Equity (“Fengate”), a division of Fengate Asset Management, today announced it has completed the acquisition of Saco Foods Holdings, LLC (“Saco” or “the Company”) from Benford Capital Partners.
  • This acquisition represents the first United States platform investment for Fengate Private Equity.
  • The existing management team, led by CEO Tom Walzer, will continue to retain a significant equity interest in the Company.
  • "Saco Foods is excited to partner with Fengate and Weathervane to sponsor the Company's next chapter of growth," said Tom Walzer, CEO of Saco Foods.