peHUB Second Opinion
In second opinion, Shake Shack files for an IPO, Uber’s app seems to make it safer for more women to break into the taxi industry and why smartphones are getting bigger.
Featured Stories
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Mark Regal joins family office Briar Hall; seeks top fund managers
Mark Regal, former partner in the Credit Suisse Customized Fund Investment Group, now part of Grosvenor Capital Management, last month joined family office Briar Hall in Chicago as director of investments.
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UBS searches to replace former Europe head Rodney Reid
UBS’ secondary advisory team is looking for someone to lead its efforts in Europe, the Middle East and Africa.
Lawsuit alleges JPMorgan mismanaged church trust, boosted fees: Reuters
The Christ Church Cathedral of Indianapolis alleged the trust accounts lost about $13 million in value between 2004 and 2013 after JPMorgan used church funds to buy 177 different investment products that generated the highest revenues to the firm, according to the complaint.
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peHUB First Read
To cap your week, First Read has news that LPs received historic levels of distributions last year, Argentina is prepared to use an anti-terrorism law against RR Donnelley and no, Yellowstone’s supervolcano is not about to erupt.
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Goldman, Blackstone kick in rich, 50 pct equity check in Ipreo deal
The Blackstone Group and Goldman Sachs Merchant Banking closed their nearly $1 billion acquisition of Ipreo Holdings last week, kicking in roughly 50 percent equity into the deal.
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peHUB Second Opinion
In Second Opinion, women are better than men at raising money with Kickstarter, Uber drivers are still in operation in Berlin despite being banned and Apple is planning a more expensive iPhone that has a sapphire screen.
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Private membership airline Surf Air flies away with $73 mln
Santa Monica, Calif-based Surf Air, an all-you-can-fly membership airline, has received $73 million in funding.
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Apollo taps high net worth channel for Credit Fund III
Apollo Global Management has raised about $1.5 billion for its Credit Opportunity Fund III, which is targeting $2.5 billion for investments primarily in U.S. and European credit.
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JPMorgan tops $1 bln for Digital Growth Fund II: Buyouts
JPMorgan Chase & Co said it has raised $1.05 billion for JPMorgan Digital Growth Fund II, the follow-up to a pool that wrapped up in 2011 and took a stake in Twitter Inc, sister magazine Buyouts reported.
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peHUB First Read
To start your morning, the eurozone is in turmoil, the Internet has grown too big for its aging infrastructure and President Obama won’t return donations from execs who profited from tax inversions.
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peHUB Second Opinion
In Second Opinion, animal rights protests plus negative publicity cause Seaworld’s shares to tank, Amazon unveils $10 credit-card reader and a study finds that running more than 4 miles a day could be bad for you.
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Insight Equity hires new director of IR as it continues to fundraise
Insight Equity said Wednesday that it hired five new team members, including a new investor relations head, and made two internal promotions.
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Advent moves forward in Latin America with new leadership structure: UPDATED
Advent International is moving forward in Latin America with a changed leadership structure that reflects the firm’s succession planning, bringing several people into leadership of the region to replace the co-head structure of the past
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UBS’ head of European secondaries departs for Evercore
UBS’ secondaries advisory team has been rocked by turnover since the head of the group, Nigel Dawn, left last summer and launched a new group at Evercore Partners.
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Centerbridge plans final close on $6 bln for October: Buyouts
Centerbridge Partners is planning to close its third flagship fund on a $6 billion hard cap on Oct. 24, according to a memo released by the Pennsylvania Public School Employees’ Retirement System, sister magazine Buyouts reported.
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peHUB First Read
To start, the first woman has won the prestigious ‘Nobel Prize of Mathematics,’ look beyond IPOs to find this year’s biggest capital raises and a startup believes it has created an AI that can teach itself and will eventually be able to answer almost any question.
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Audax to sell Trimark USA to Warburg Pincus
Warburg Pincus is buying TriMark USA from the Audax Group, according to two sources and an FTC filing.
