The top executives at the ten biggest banks and asset managers on Wall Street – including Lloyd Blankfein of Goldman Sachs, Larry Fink of BlackRock and Jamie Dimon of JP Morgan – have an average net worth of USD210 million, according to wealth intelligence firm Wealth-X. The firm’s analysis of the fortunes of the Wall Street’s wealthiest executives found that their combined net worth is at least USD2.1 billion when accounting for shares and options in their publicly-trade banks, residential and commercial property, art collections, cash and other investible assets. These ultra high net worth individuals (UHNW) have an average

HarbourVest Global Private Equity’s estimated economic NAV is USD801.3 million or USD9.65 per share, as at 31 December 2010, an increase of 3.4% on November 2010. HarbourVest Global Private Equity’s estimated economic NAV is USD801.3 million or USD9.65 per share, as at 31 December 2010, an increase of 3.4% on November 2010. The increase resulted primarily from a positive valuation adjustment (USD0.27 per share) taken by the HarbourVest funds to reflect the investment manager’s preliminary estimate of year-end 2010 valuation increases, as well as the impact of positive foreign currency movement (USD0.07 per share). The gains were partially offset by

Cohen & Company (CCIRE) has brokered the sale of The Watertown Mall, a 303,000 square foot mall anchored by JC Penney, Herberger’s, Dunham’s Sports, Office Max, Hy-Vee, and a diverse merchant mix in Watertown, South Dakota. The mall serves the Watertown community, known as the "South Dakota’s Rising Star", as well as cities in eastern South Dakota and western Minnesota. CCIRE’s Helen Putterman represented a New York City buyer, a private individual she had as a client since the 1980’s. The buyer owns many malls in tertiary cities and although the deal had many obstacles and challenges, he had the

UK private equity fund administrator Langham Hall has been appointed as the onshore administrator to Chamonix Private Equity, the London based private equity investor. Langham Hall will be providing accountancy and administration services for the fund that has acquired a portfolio of five non-core businesses from plastic packaging manufacturer Linpac Group. “We are excited to be working with such a well regarded and experienced team.  We look forward to developing a long standing relationship Andrew Hartley and Jane Crawford’s team,” says Langham Hall’s Head of Private Equity Mark Coppin (pictured). Langham Hall provides administration and accounting solutions to the private

Behrman Capital, a private equity investment firm based in New York and San Francisco, has acquired Atherotech, a Birmingham, Alabama-based provider of cardiometabolic testing services that offers the VAP (Vertical Auto Profile) advanced lipid profile test. The transaction closed on December 23, 2010. The equity capital for the acquisition came from Behrman Capital IV, with debt financing provided by MidCap Financial. Developed by Jere Segrest, director of the Atherosclerosis Research Unit at the University of Alabama, Birmingham, Atherotech’s patented VAP Test provides direct, detailed measurements of the lipid subclasses that cause cardiovascular disease. VAP technology more accurately identifies people at

Private equity firm BaltCap has acquired a controlling interest in Kelprojektas, a leading transport infrastructure engineering company in Lithuania.    BaltCap Private Equity Fund advised by BaltCap has acquired more than 90% of Kelprojektas’ shares from the company’s former shareholders including two road construction companies and a financial investor. Lithuanian Competition Council has granted permission to acquire up to 100% of shares.       "Kelprojektas is the leading player in the sector with unparalleled experience, highly qualified engineering team and good prospects in the market,” says Ðarûnas Alekna, Associate Director at BaltCap.        According to Alekna, Kelprojektas has potential for further expansion

Pond Ventures made successful exits from three portfolio companies during the fourth quarter of 2010. The acquisitions of Broadway Networks Ltd, 4Home and Gigle Networks together returned a substantial portion of drawn capital to Pond’s investors.

 “We are very pleased with these exits and extremely happy for our investment partners and the founders, management teams and employees at each portfolio company,” says Richard Irving, co-founder and General Partner of Pond. “These acquisitions validate our unique investing model, which has sustained exit ratios well above the industry average.  We believe our model will continue to drive value and job creation while

Chinese investment company Fosun Group and global insurance and financial services firm Prudential Financial (PFI) are to to establish a private equity fund, which will be the single largest investment fund supplied to a third party management corporation in PFI’s 135-year history. According to the agreement, PFI, as a limited partner is looking to invest USD500 million in the fund, while Fosun, as a general partner will take responsibility for investment decisions and is looking to invest USD100 million. “The cooperation is based on optimism about the economic prospects for China, as well as the common investment philosophy between PFI

Marport Deep Sea Technologies, a developer and manufacturer of sonar products for the defence and commercial fisheries markets, has secured an equity investment led by Hasting Equity Partners and Admiralty Partners. Boenning & Scattergood, a US based investment banking firm, served as financial advisor to Marport. "This capital raise, at a time of great challenge and uncertainty in the financial markets, is a true testament to the tremendous potential of our Software Defined Sonar technology and products," says Karl Kenny (pictured), Marport’s President and CEO. "This new equity provides Marport with the financial resources it needs to execute its growth