New private equity play Maverix closes $500 million fund

New private equity play Maverix closes $500 million fund

OMERS Ventures founder and former CEO John Ruffolo has unveiled a new growth equity firm wagering big bets on legacy companies retooling for the new economy. The firm, called Maverix, is just about to close its first fund, a US$500-million pool backed by LPs including...
BPP sold to private equity house TDR Capital

BPP sold to private equity house TDR Capital

BPP has been sold to private equity house TDR Capital, in what is the educational provider’s first change in ownership since 2009. BPP, which provides legal education and training, as well as courses in accountancy and finance, had been owned by Vanta Education,...
Calpers Steps Back From Four Pillars Strategy

Calpers Steps Back From Four Pillars Strategy

The pension system is focusing more money and attention on co-investment deals and separately managed accounts. The nation’s largest public pension system seems to be stepping back from an ambitious overhaul of its private-equity strategy outlined several years ago,...