peHUB Second Opinion
In Second Opinion, Warburg Pincus is already gearing up for its next fund, WhatsApp intends to launch voice calling services in Q1, Prudential Financial replaces Pimco as subadviser on a $6 bln fund and its National Cat Day.
Featured Stories
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Small fund approach brings results to NY pension: VCJ
Money manager sees strong gains with IVP, Aisling, JP Morgan funds.
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Benchmark acquires stake in dating app Tinder
Benchmark has acquired an equity stake in Los Angeles-based online dating app Tinder, reportedly without spending any money on the deal.
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Pennsylvania pension cancels $100 mln Centerbridge commitment: Buyouts
The Pennsylvania Public School Employees’ Retirement System will not invest in Centerbridge Partners’ third flagship fund after allocating up to $100 million to the vehicle in August, peHUB sister publication Buyouts has learned.
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Allianz Capital plans to back more North American PE funds
Allianz Capital Partners plans to expand its private equity limited partner activity in the Americas and is hiring a noted LP to help lead that effort.
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SEC probing private equity performance figures: Reuters
The U.S. Securities and Exchange Commission is examining how private equity firms report a key metric of their past performance when they market new funds to investors, as the regulator boosts its scrutiny of the industry, according to people familiar with the matter.
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peHUB First Read
First Read kicks off your hump day with news about Benchmark investing in dating app Tinder, Facebook’s spending spree causes the stock to drop 10% and the Royals clobber the Giants, forcing a Game 7 in the World Series.
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peHUB second Opinion
In Second Opinion, Facebook Q3 earnings beat expectations with $3.2 bln revenue, HBO is laying off more than 150 employees this week, and the second U.S. nurse who was infected with Ebola has been declared free of the virus.
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SoftBank to invest $627 mln in VC-backed e-commerce site Snapdeal
The SoftBank Group has agreed to invest $627 million in India e-commerce site Snapdeal, raising its overall total funding to over $1 billion.
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Blackstone to seek $13 billion for global real estate fund, say sources-Reuters
Blackstone Group LP (BX.N), the world’s largest private equity investor in real estate, is preparing to seek around $13 billion for its next flagship global real estate fund, in line with its predecessor fund, sources tell Reuters.
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Forsingdal leaving ATP Private Equity to join Allianz Capital Partners
Susanne Forsingdal, who has led U.S. fund investing for Danish fund-of-funds ATP Private Equity Partners for the past five years, is leaving the firm.
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peHUB First Read
This morning’s First Read has the CDC rejecting mandatory Ebola quarantines, Jack Ma has a strong interest in Apple partnership and a month after being diagnosed with cancer, controversial Toronto Mayor Rob Ford wins city council seat.
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Venture in Big Apple gains while Silicon Valley and Massachusetts stall
Q3 investing in the United States fell 27 percent. But activity levels depended a great deal on where you sat.
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peHUB Second Opinion
In Second Opinion, Layne Christensen makes a $5.1 million settlement with the SEC, an unapologetic Gov. Christie releases a very irked nurse from quarantine and a very apologetic Aaron Lewis deeply regrets flubbing a line from the national anthem at yesterday’s World Series game.
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Jobs of the week: Ares Management, Consolidated Investment and Guggenheim hiring
This week’s job opportunities include a vice president of investment operations at Ares Management and a director of private equity at Consolidated Investment Group. Also up for grabs is a fund management associate at Adams Street Partners.
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Warburg Pincus closes $4 bln for energy fund
Warburg Pincus has raised $4 billion for its energy fund, sweeping past its $3 billion target.
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Syros Pharmaceuticals snags $53 mln from Polaris, Flagship, ARCH Venture
Watertown, Mass.-based Syros Pharmaceuticals, which focuses on treating cancer and other diseases, has raised $53 million in Series B funding.
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peHUB First Read
First Read starts your week with news the White House is drafting new Ebola guidelines for healthcare workers, CVS and Rite Aid are rejecting Apple Pay and a new study says M & A activity sharply declined in the third quarter.
