U.S. private equity firm Arclight Capital Partners LLC, which invests the retirement savings of Maine teachers, NFL football players and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a troubled Caribbean oil refinery, according to sources and documents reviewed by Reuters.

The new portfolio managers will focus on growth equity and equity long/short strategies.

The biggest problem may be that risk appetite doesn’t revive and they struggle to draw in cautious investors.

Similar to its predecessor funds, Fund IV will focus on fund and direct investment opportunities in technology and healthcare in China.

The two will bolster the private equity firm’s capabilities in investment execution and value creation initiatives at portfolio companies.

A Southeastern county has rehired a firm to buy and sell securities and serve as an investment broker.