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OpenAI appoints PE vet to its board

ChatGPT creator, OpenAI, has appointed Adebayo Ogunlesi, a private equity veteran and current CEO of Global Infrastructure Partners (GIP), to its board, according to a report by Reuters.

IK opens Munich office and promotes three to Partner

European private equity firm IK Partners (IK) has opened a new office in Munich, Germany as part of its ongoing commitment to investing in the DACH region, which will be led by Joachim Dettmar, and Adrian Tanski.

Waystone appoints Country Head of Middle East

Waystone, a leading provider of specialist services to the global asset management industry, including admin services for hedge funds, private equity funds, and other alternative investment vehicles, has appointed Nigel Pasea as Country Head of Middle East.

Apollo’s Head of Private Equity Capital Markets departs

Matthew Manin, Apollo Global Management’s Head of Private Equity Capital Markets, has left the firm to pursue a new opportunity, according to a report by Bloomberg citing unnamed sources familiar with the matter.

FTV Capital completes $4.05bn growth equity fundraise

Sector-focused growth equity investment firm, FTV Capital, has completed its latest growth equity fundraise with $4.05bn in capital commitments across two complementary funds – its eighth flagship fund, FTV VIII, and a new vehicle dedicated to smaller investments, FTV Ascend I.

Summit Partners makes Partner appointment

Summit Partners, a growth-focused private investment firm, has appointed Ricardo Gonzalez as a Partner on the firm’s Growth Products & Services team. Gonzalez joins from New Mountain Capital, where he served as a Managing Director.

Hunter Point Capital appoints Head of Asia Pacific

Hunter Point Capital, an independent investment firm providing capital solutions to alternative asset managers, has expanded its Asia Pacific presence with the appointment of Peter Rosenbloom as Managing Director, Head of Asia Pacific on the firm’s Capital Formation team.

Point72 launches private credit strategy led by former Blackstone exec

Point72 Asset Management, the hedge fund founded by Steve Cohen, is entering the booming private credit market with a new strategy headed by Todd Hirsch, a former Senior Managing Director at Blackstone, according to a report by Reuters citing an internal company statement.

Norton Rose Fulbright adds Partner to PE team

Global law firm Norton Rose Fulbright has appointed Jamal Tuhin as a Partner in London. Tuhin, who joins from Dechert, acts for PE and financial sponsor clients across Europe and the US on every phase of international and domestic M&A transactions.

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