UK turnaround specialist Rutland Partners has hired transaction services specialist Liam Camburn from KPMG, boosting its investment team to ten people.
The Los Angeles-based firm’s second fund is more than three times the size of its previous vehicle.
The property entrepreneur has doubled his stake in the grocer to 11 percent, prompting questions whether a takeover strategy may be in the works.
China’s recent $3 billion investment in The Blackstone Group may have been the tip of the iceberg, as the government prepares to launch a $200 billion investment fund modeled on Singapore’s Government Investment Corporation.
The UK firm has retained an interest in Tank and Rast Holding rather than selling it outright, after striking a deal to sell 50 percent to the infrastructure division of Deutsche Bank for a reported €1.2 billion.
The New York-based venture capital firm’s Fund VI is nearly twice the size of its previous fund.
3i has completed the fundraising for its latest vehicle, which will buy minority and majority stakes in public companies and apply private equity techniques.
Delancey, the London-based fund manager run by Jamie Ritblat, son of British property magnate Sir John Ritblat, has set up an unusual fund structure allowing investors to commit long-term, unrestricted capital.
At press time, Blackstone’s shares were trading below the firm’s debut price of $31 per share, down significantly from its closing price of $35 just one day earlier.
Many FTSE 100 chief executives are considering a move into private equity, either as operating partners, advisers or individual investors, despite misgivings about the industry’s short-termism and excessive leverage.