Edge Principal Advisors announced the final closing of its fourth real estate fund, Edge Principal Investments IV, with aggregate commitments in excess of $560 million.
Intermediate Capital Group Inc, a subsidiary of ICG plc, has closed the ICG Strategic Equity Fund III at $2.4 billion, materially exceeding its $1.6 billion target and more than doubling the size of its $1.1 billion predecessor Fund II, which closed in July 2017.
A drawn-out dispute over a 70% pay raise for a Detroit police and fire pension fund investment contractor — which threatened to upset terms of the city’s bankruptcy exit plan — resulted in a federal lawsuit Tuesday.
In September, Sheila Patel was promoted to the role of chairman of Goldman Sachs Asset Management, the Wall Street giant’s $1.3 trillion investment management arm.