Parallax Capital Partners has completed its sale of MultiGen Paradigm Inc. to CAE (NYSE: CGT) for $16 million. MultiGen is a Richardson, Texas-based provider of real-time, commercial-off-the-shelf software for creating and visualizing simulation solutions. www.multigen.com
Asia Alternatives of Hong Kong has closed its debut fund-of-funds targeting the Asia market, with $515 million in capital commitments. It had originally targeted $350 million. Limited partners include CalTech, CalPERS, Comprehensive Financial Management, Mass Mutual Asia, Mass Mutual Japan, Massachusetts Mutual Life Insurance Company, OHIM Asia Investors (affiliate of Oak Hill Investment Management), OMERS, […]
Park Square Capital of London has closed a new Credit Opportunities Fund with Euro 315 million in equity commitments, from limited partners like Caisse de depot et placement and the Ontario Teachers Fund. The fund will be leveraged, which is expected to give it
Milestone Venture Partners has received a $15 million commitment for its third fund from The New York State Common Retirement Fund. This brings the fund total up to $50 million, with a third and final close expected for later this year. Milestone focuses on tech-enhanced services companies in the greater New York metropolitan area. www.milestonevp.com
Thomas Weisel Partners has promoted Robert Kitts to CEO of I-banking, and both William McLeod and Brad Raymond co-directors of I-banking. Both moves were made in connection to TWP co-founder Blake Jorgensen's announcement that he is leaving the firm to become CFO of Yahoo.
Jeffrey Branman has joined Hilco Consumer Capital as a managing director, in charge of the business acquisitions team. He previously was president and founder of Interactive Technology Partners, a joint venture capital effort of Comcast Corp. and QVC. www.hilcocc.com
David Sopp has joined Kamylon Capital as a principal. He previously was a principal with Capital Resource Partners. www.kamylon.com
The Carlyle Group confirmed reports that it will list its first publicly-traded fund on the Euronext Amsterdam, either in the second or third quarter of this year. It will be a $1 billion leveraged finance vehicle mostly made up of mortgage-backed securities, with a target raise of $400 million. www.carlyle.com
The Carlyle Group plans to list its first publicly-traded fund by the end of next month, according to BusinessWeek. It will be a leveraged finance vehicle mostly made up of mortgage-backed securities, and will trade on the Euronext. www.carlyle.com
Shusaku Minoda has joined Kohlberg Kravis Roberts & Co. as a managing director and co-CEO of the firm's Japan operations, effective July 1. He previously was with Mizhou Corporate Bank as managing executive officer in charge of global investment banking. www.kkr.com