The new venture of Cliffwater LLC and Virtus Investments would be called Cliffwater Investments. Multi manager asset management business operator Virtus Investment Partners together with leading advisory firm Cliffwater LLC announced the establishment of Cliffwater Investments LLC.
Regions
Sears ponders Lands' End and Auto Center separation
Retail giant Sears is closing its underperforming assets. Sears Holdings Corp is considering the separation the management operations of its Lands' End clothing and Sears Auto Center businesses, according to a report by Reuters.
Vention Medical purchases Fast Forward Medical
Vention Medical, one of the firms in the Fund IV of KRG Capital Partners, acquired Fast Forward Medical.
NextDoor receives USD60 million investment for international expansion
The USD60 million raised in NextDoor's Series C financing round would go towards hiring additional software engineers to develop its core product.
Onex Credit Partners LLC completed its latest collateralized loan obligation
Onex Credit completed its fourth collateralized loan obligation through a private placement. Onex Corporation through a statement announced Onex Credit Partners LLC had completed the offer of its fourth collateralized loan obligation through a private placement transaction.
Latest News
Former Co-operative Group chief executive Barry Tootell said he and other company executives had doubts over the capability of the mutual fund to acquire 632 Lloyds Banking Group branches for USD750 million.
With the projected growth of video advertising, Rockabox opens a Series A funding round worth GBP3 million.
Intellectual Ventures (IV) wanted to collect a combined USD310 million in patent licensing fees from security firms Symantec and Trend Micro.
BP Plc's recent quarterly report showed a bright investor future amid an overall glum oil and gas industry.
An anonymous People's Bank of China (PBOC) official had met with local money dealers in the bank's efforts to stave off investor worry about rising short-term rates.
Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.
OGX would be filing for bankruptcy should it not be able to meet interest payments to bondholders amounting to USD44.5 million.
A Wall Street Journal report cited sources who said Morgan Stanley plans to seek approval from the US Federal Reserve regarding its plans to widen its share repurchase program.
Petróleo Brasileiro (Petrobas) was reportedly nearing the completion of its Peru-based asset sale to China National Petroleum Corp (CNPC).
