Asset management firm KKR had assets under management of USD52.2bn as of 31 December 2009. Fee related earnings were USD87.5m for the quarter ended 31 December 2009 and pro forma FRE for the year ended 31 December 2009 were USD247.4m. Economic net income was USD515.3m for the quarter ended 31
Private equity firm Rock Hill Capital Group has made an equity investment in Blackhawk Specialty Tools, an oilfield services company located in Houma, Louisiana. Blackhawk, founded in April 2008, is a provider of automated top drive cement heads and related equipment and services to the deepwater offshore oil and gas
Currensee, a Forex trading social network that connects traders from around the world based on real-time trades, has secured USD8m in series B financing for total funding of USD12m. Led by Northbridge Venture Partners, the round includes new investor Egan-Managed Capital. Travis D. Connors, partner at Egan, will join the
The global economic and financial crisis damaged many Asian economies last year, but CDC Group is optimistic about private equity fundraising in Asia during 2010. Anubha Shrivastava, managing director of CDC Group’s Asia team, expects the environment for private equity fundraising in Asia to be more positive than last year,
Last year demands for exports from many Asian countries dropped, economic growth stagnated and foreign direct investment, including from private equity, fell. However, Anubha Shrivastava (pictured), MD of CDC Group’s Asia Team, sees cause for optimism in 2010. Overall in 2010, I would expect the environment for
Evercore Partners has acquired key assets of the private funds placement group of Neuberger Berman. The group, headquartered in London with personnel in both Europe and the US, advises fund sponsors on all aspects of the fundraising process including competitive positioning and market assessment, investor introductions, marketing materials, due diligence,
Transmission Developers plans to develop a power transmission line that will bring affordable and renewable power to New York and New England from the US-Canadian border. The transmission power line, called the Champlain-Hudson Power Express, will be a high voltage direct current cable designed to principally run under waterways to
Navigation Capital Partners, an Atlanta-based middle market private equity firm, has acquired Specialized Technical Services, a provider of smart grid infrastructure upgrades and meter-related services to municipal, co-operative and investor-owned utilities. STS is the first in a series of acquisitions planned by NCP in support of its initiative to build
ngmoco, a publisher and developer for iPhone OS devices, has raised a new round of financing led by Institutional Venture Partners along with the company’s previous investors, including Kleiner Perkins Caufield & Byers, Norwest Venture Partners and Maples Investments. IVP general partner Sandy Miller has joined ngmoco’s board of directors.
CellCentric, a Rainbow Seed Fund investment, has licensed exclusively to Takeda Pharmaceutical Company the development and commercialisation of an epigenetic discovery programme focused on cancer. Under the terms of the new agreement, CellCentric will receive from Takeda an upfront payment and pre-clinical and clinical milestones, in addition to royalties. Based
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