Firms & Funds

Bain Capital, among the most high-profile buyout shops still in private hands, has hired Ernesto Anguilla as a senior vice president for global communications. Anguilla is the firm’s first executive to focus exclusively on media relations, corporate communications, civic outreach, and related work.

Credit Suisse said it reached an agreement to spin off its $3.6 billion mezzanine specialist DLJ Investment Partners business to Portfolio Advisors, as it restructures its business to comply with new capital rules.

Apollo Global Management officially hit the $12 billion mark on its flagship Fund VIII, but the New York firm run by Leon Black declined to provide further details on fundraising targets for the blockbuster buyout vehicle.

Are you a member of the Buyouts LinkedIn group? If not, here’s what you’re missing.

Howard Margolis has left advisory shop Morgan Creek Capital Management as managing director and head of the real assets investment program.

Jennifer Morais, a funds commitment professional who worked at the Canada Pension Plan Investment Board, is joining TPG on the investor relations and fundraising team, according to four people familiar with the situation, sister publication peHUB reported.

The Jordan Company won clearance from the Federal Trade Commission to acquire two firms in the nautical and aviation equipment business from J.F. Lehman & Co, in what could be among the last purchases from the firm’s vintage 2007 Resolute Fund II, according to a filing with regulators.

Private equity investments ranked second among seven alternative investing strategies in a major survey of U.S. college and university endowments with a return of 11.3 percent in the 2013 fiscal year, while overall allocations shifted away from alternatives and into rising public equity markets.

Strategic Value Partners, the Greenwich, Conn.-based specialist in distressed investing, plans to focus on downtrodden names in Europe and elsewhere as it embarks on a $1 billion fundraising effort for its Strategic Value Special Situations Fund III.

North Bridge Growth Equity has closed its second growth fund at $582 million, according to a regulatory filing. The North Bridge Growth Equity II fund attracted commitments from 62 investors, the filing showed.