Chris Witkowsky
Angelo Gordon & Co. has hired an energy team to be based in Houston, Texas, led by Todd Dittmann. Other executives on the team include managing directors Damon Putman and David Taylor, and associate Paul Gottheim. The team will focus on a credit-oriented approach to investing in the energy sector.
Kinderhook Industries and Mansa Capital-backed E4 Health has acquired Wellness Corporation, which provides employee assistance programs and post-secondary education counseling. The deal represents the 17th and 14th healthcare services transactions completed by Kinderhook and Mansa, respectively. It is the third add-on for E4 Health.
To top off your week, we have news that investors have been pouring money into European equities, a high-ranking executive at Fortress advocates investing in Bitcoin and Grantland's oral history of the 1989 World Series, a terrible match-up interrupted by an earthquake.
To wrap up your Thursday, Second Opinion looks into the possibility that Instagram is being used for informal gun transactions, KKR reports strong earnings and Twitter rules the financial media.
The Overseas Private Investment Corporation has made a call for emerging markets private equity funds, to which the institution wants to commit between $35 million to $150 million. OPIC's commitments won't represent more than 33 percent of a fund's total capitalization, with the balance of a fund's total capital coming from private investors, international finance institutions and other sources. TorreyCove Capital Partners is assisting OPIC in vetting managers.
Tiger Infrastructure Partners has invested in Tiger Cool Express, which focuses on rail transportation of perishable items. Details of the transaction were not disclosed. Tiger Cool Express, a new venture, will primarily focus on the transport of fresh produce from California, Texas and Florida to the eastern U.S. and Canada using rail intermodal service.
Adam Obsenica, senior investment analyst at the University of Pittsburgh’s endowment, passed away on Oct. 17 due to complications related to pulmonary surgery. He was 35.
Doug Pearce, the CEO and CIO of the British Columbia Investment Management Corporation, helped introduce alternative investments into the institution's portfolio, and worked to grow that exposure through his career.
The Blackstone Group has formed a joint venture with Eletson Holdings to create Eletson Gas, a $700 million liquefied petroleum gas shipping company. Eletson will contribute its existing fleet of five medium-size gas carriers, and Blackstone will provide equity capital to finance the growth of the company. Blackstone is investing in the joint venture through its Tactical Opportunities fund.
Graycliff Partners, which focuses on private equity and mezzanine investments in the middle markets of the U.S. and Latin America, has invested in Talon Innovations, a Minnesota-based designer and manufacturer of precision machined products. Graycliff Partners, the former HSBC Capital, has invested more than $1 billion since 1991.