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Lenrock Lands Former BofA Healthcare Analyst

Joseph France, a 25-year veteran healthcare analyst, joined New York-based hedge fund Lenrock Capital Management this week, sources say.

WCAS Appoints Two Senior Operating Executives

Welsh, Carson, Anderson & Stowe (WCAS) said Tuesday it has appointed F. Stephen Larned and Daniel Lieber as senior operating executives. They will join the New York private equity firm’s 13-member WCAS Resources Group, which assists WCAS with sourcing transactions, due diligence and portfolio company oversight and improvement initiatives.

Paul Closes Another Secondary Fund

Paul Capital, a New York firm that invests in the secondary private equity market, has closed its ninth secondary fund at $1.6 billion, exceeding its target by $100 million.

Ratings Actions & Outlooks

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

CitiStreet Finds A Buyer

Amsterdam's ING has agreed to acquire Citigroup and State Street's defined contribution joint venture for $900 million in a cash-only deal.

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Articles

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.

Summit Raises First European Fund

Summit Partners said last week it closed a new European private equity fund with euros 1 billion of commitments, marking the Boston firm's first exclusively-dedicated European investment vehicle, and wrapped up fundraising for its latest mezzanine debt fund at $825 million.

Catching Up, With Stefan Selig

Stefan Selig, vice chairman of investment banking and global head of M&A at Bank of America, recently sat down with IDD to discuss his outlook on deal making and his plans for Bank of America's M&A business, among other things.

Hot (And Cold) PIPEs?

PIPE deals may have slowed to a trickle this year, but the amount of cash raised makes the market appear healthy as a result of mega-deals in the financial-services sector.

What's Next for Morgan's Zaoui?

Michael Zaoui might be leaving Morgan Stanley, but he's not exiting the investment banking arena. 'I am in the process of retiring from the firm, but I have no intention to be a retired person,' Morgan's chairman of European M&A tells IDD. 'I've always had a broad range of outside interests, and in this period of my life I will be spending even more time exploring those interests. However, I will continue to be very active in financial services.'

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