The sale of Transmark Fcx to McJunkin Red Man Corporation, a Goldman Sachs Capital Partners portfolio company, has been completed, creating a global platform for the distribution of pipe, valves and fitting products.    This cross-border transaction is one of only a few significant distribution transactions to be completed since

Och-Ziff Capital Management made a GAAP net loss of USD80m, or USD1.02 per basic and USD1.06 per diluted class A share, for the third quarter ended 30 September 2009. This compares to a GAAP Net Loss of USD69.4m, or USD0.94 per basic and USD1.07 per diluted class A share, for

An affiliate of Lightyear Fund II has signed a definitive agreement to acquire the ING Advisor Network and three of ING Advisor Network’s five broker-dealers. The broker-dealers include Financial Network Investment, Multi-Financial Securities and PrimeVest Financial Services. Valerie Brown, chief executive officer of ING Advisor Network, will remain in her

Barclays Capital’s natural resource investments team has partnered with Richard Hall and Rory Edwards to create an oil and gas development company, Nio Petroleum, which will focus on undeveloped discoveries, marginal fields and late-life assets in South East Asia. Hall and Edwards’ 25 years of experience includes the formulation and

Meritage Midstream Services has been formed with equity commitments from EnCap Energy Infrastructure Fund and TPH Partners. Meritage Midstream provides oil and gas producers with a full complement of midstream services. Capabilities include the gathering, treating and handling of natural gas, crude oil, condensates and water, and carbon dioxide sequestration.

BNY Mellon Asset Management has acquired a 20 per cent minority interest in Siguler Guff, a multi-strategy private equity firm with approximately USD8bn in assets under management and committed capital. Siguler Guff’s focused investment offerings include fund of funds targeting distressed security investing, investing in emerging markets, including Brazil, Russia,

Greylock Partners, a Silicon Valley venture capital firm, has closed its USD575m Greylock XIII fund. The firm has also added a new investing partner, LinkedIn co-founder and executive chairman Reid Hoffman. Greylock will use the funds to invest in and support promising enterprise and consumer software, services and infrastructure ventures.

Adveq, an investment manager of private equity funds of funds, believes that investors are facing the prospect of a tripolar private equity investment world in which the three major private equity regions – the US, Europe and Asia – will operate on the basis of their own rules. In addition,

Huron Capital Partners has made a significant investment in Maple Leaf Automotive in partnership with its management team. Huron committed USD30m to close the transaction. Terms of the transaction were not disclosed. The transaction marks the 45th investment overall for Huron and third investment platform in Canada. The investment was