Sterling Investment Services’ Private Equity News

Alts platform iCapital announced on Thursday that it will acquire the US Private Equity Access Fund Platform from the Asset Management division of Deutsche Bank. Terms were not disclosed, but the transaction is expected to be closed by the end of ...
Posted: September 21, 2017, 1:29 pm
Private equity and venture capital investors are copying our sisters in the hedge fund and mutual fund world: we’re trying to automate more of our job. But we’re doing it slowly. VCs tout themselves as frontier technology investors, but most are u...
Posted: September 21, 2017, 6:27 am
* ‍iCapital Network says with transfer of assets, iCapital will service approximately $5 billion in private fund assets Source text for Eikon: Our Standards:The Thomson Reuters Trust Principles.
Posted: September 21, 2017, 6:06 am
Toys 'R' Us filed for Chapter 11, yesterday. As of late April 2017, Toys 'R' Us had $5.2 billion in debt. The company's annual interest expenses average roughly $450 million over the past five years. Private equity's LBO gone wrong killed the toy ...
Posted: September 20, 2017, 11:31 am
DALLAS, Sept. 20, 2017 /PRNewswire/ -- Private equity investors have plenty of money on hand to invest. According to a recent Bloomberg report, they are sitting on a record nearly $1 trillion in what is called "dry powder," money raised but not ye...
Posted: September 20, 2017, 9:03 am
The CEO and chairman of private equity firm Metalmark Capital, Howard Hoffen, and his wife Sandra have listed their three-bedroom, 4½-bathroom unit at Trump International for $30 million, following a renovation by Parisian architect Nathan Litera....
Posted: September 20, 2017, 7:32 am
LAS VEGAS, USA--Veritas Technologies has kept up a busy product roadmap since its split from Symantec early last year, but its ownership under a private equity firm has led to questions about its commitment to long-term product development. Accord...
Posted: September 20, 2017, 3:06 am
Millennium Tower in Boston, already home to Michael Dell and a host of other captains of industry, can now add Daniel R. Revers to its roster of business titans who live in the Downtown Crossing skyscraper. The co-founder of energy-focused private...
Posted: September 19, 2017, 12:22 am
KKR & Co. (KKR) reported total performance income of $873.3 million in its Private Markets division in 1H17 compared to $214.0 million in 1H16. This substantial rise in the division’s total performance income was mostly due to realized carried int...
Posted: September 18, 2017, 4:19 pm
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