The Institutional Limited Partners Association (“ILPA”) has released the ILPA Private Markets Benchmark, a proprietary performance benchmark in partnership with Cambridge Associates. In February 2012, the ILPA announced a partnership with Cambridge Associates, an institutional advisor, to jointly construct a branded private markets benchmark, which includes over 1,800 institutional funds. The goal of the benchmark […]
Archives for March 26, 2013
Jeffrey Porphy Joins JMP, Will Head Financial Sponsors Coverage
Investment bank and alternative asset management firm JMP Group has added Jeffrey Porphy to its team as a managing director in its investment banking division. Mr. Porphy will focus on mergers and acquisitions and will serve as head of financial sponsors coverage. He will be based in New York. “We’re very happy to welcome Jeff […]
Salient Expands Investments Team With Two Additions
Salient Partners, an asset management firm, has appointed Rusty Guinn and Todd Centurino as Directors of Investments. They previously worked for the Teacher Retirement System of Texas. Mr. Guinn and Mr. Centurino will collaborate with the investments team of Salient Partners to oversee and manage Salient’s funds and separately managed accounts. Mr. Guinn will lead […]
Torque Capital Group Acquires Brake Parts
Torque Capital Group and other investors have acquired Brake Parts, a manufacturer and supplier of brake system products. “Now that the transaction has been completed, the Brake Parts team along with our strategic partners are eager to move forward,” said President and CEO David Overbeeke. “Brake Parts has a strong heritage of leading the category […]
American Capital Acquires Service Experts
American Capital’s Special Situations Group has acquired Service Experts, a provider of sales, installation, maintenance and repair of HVAC systems for the residential and light commercial markets. American Capital’s investment took the form of preferred and common equity and a revolving credit facility. In tandem with the acquisition, American Capital has appointed Scott Boxer as […]
