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News

Infrastructure Investment Speeds Up

The infrastructure investment business shows little signs of slowing as one general partner after another raises a new multi-billion dollar fund, underscoring the promise institutional investors see in infrastructure within the US, Europe and Asia.

Ratings Actions

The latest ratings upgrades, downgrades and outlooks from S&P and Moody's.

Rodman Buys Energy I-Bank COSCO

Rodman & Renshaw acquired private investment bank COSCO Capital Management, which focuses on oil and gas sectors in the US and Canada, for $10.1 million.

Citi Relocates Top Banker To Dubai

Citigroup is relocating Alberto Verme, global co-head of investment banking, from London to Dubai in order to strengthen its presence in the Middle East.

Fitch Downgrades Chrysler

Chrysler was downgraded by Fitch Ratings on Wednesday, the second Cerberus Capital Management portfolio company to be downgraded in a week.

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Articles

Talking PE with John Jordan II

For John W. Jordan II, chairman of the Jordan Co., the closing of The Resolute Fund II LP is proof that the buy-and-build strategy he's employed at the middle-market private equity firm works. At 60, he's brought the Jordan Co. through more than one economic storm. So, IDD thought it would be a good time to chat with the veteran dealmaker.

Morgan Stanley's Barnett Joins BofA

As first reported by IDD, Phil Barnett is joining Bank of America after a 20-year career at Morgan Stanley, most recently as managing director and head of the firm's global insurance business.

CalPERS Loses CEO and CIO

Fred Buenrostro, chief executive of the California Public Employees' Retirement System is retiring after six years to work in the private sector. In addition, Russell Read, CalPERS' chief investment officer, is leaving the pension fund for a career in environmental investing.

PE Goes Sweet on Brazil

Aged Brazilian sugar cane liquor known as cachaca may be the latest rage among spirits connoisseurs, but it is Brazil's other sugar cane-based alcohol that has private equity and corporate executives salivating.

Original Thinking

Sagent Advisors opened its doors in September 2003 and roughly six months later, when it received regulatory licenses, it began offering advice for mergers and acquisitions on issues such as valuation, deal strategy and transaction structuring. Much of the organization brings together old hands from Donaldson Lufkin & Jenrette's M&A team, namely Hal Ritch, who had worked as an M&A banker at Kidder Peabody as well as Citigroup, and Joel Cohen, who ran the M&A practice at law firm Davis Polk, where he managed accounts such as RJ Reynolds, before his days at DLJ.

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