Fund of funds
Private equity companies introduce open ended mutual funds
KKR and Blackstone started open ended mutual funds to attract individual investors. Kohlberg Kravis Roberts had introduced to individual investors an open-end mutual fund and now, one of the United States' biggest private equity firm, Blackstone is doing it too.
Cloud services provider raises US$44 million in funding round
Ping Identity Corp stated that it raised around US$44 million from private equity and venture capital investors.
New private equity firm raises US$30 million, wants US$20 million more to invest in manufacturing sector
FishHawk Partners raised US$30 million and is to be invested heavily in manufacturing sector. FishHawk Partners LP, a new Houston-based private equity company, had accumulated up to US$30 million from investors.
Private equity firm acquires BAIS
The Stephens Group revealed that it has acquired Silicon Valley's Bay Area Internet Services. The Stephens Group, a private equity firm, acquired Bay Area Internet Services.