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The Wire

Sept. 23, 2021

NYC Comptroller names head of private equity, GA-backed Alternate Solutions Health Network considers strategic deals

 

Happy Thursday! 

 

Here’s something to look out for, in case you happen to be raising a fund -- NYC comptroller Scott Stringer announced that senior investment officer Eneasz Kadziela was promoted to lead private equity for the entire city system. That’s an about $18 billion portfolio across the five pension funds that make up the city system. 

 

And, General Atlantic-backed Alternate Solutions Health Network is considering potential strategic deals, working with Harris Williams after receiving unsolicited interest from buyers, writes Sarah Pringle on PE Hub today. 

 

GA took a minority stake in the company in September 2017. The company generates around $50 million of Ebitda, Sarah wrote. Read it here. 

 

That’s it for me! Have a great rest of your Thursday. Reach me with tips n’ gossip, feedback or book recommendations at cwitkowsky@buyoutsinsider.com or find me on LinkedIn. 

 

Read the full wire commentary on PE Hub...

 

 

Also of note (may require subscriptions)

Add-on: Center Rock Capital-backed LINC Systems added-on Air-O Fasteners, which distributes fastening equipment and consumable products for a variety of end markets. Center Rock invested in LINC Systems in 2018. Read more here on PE Hub.

 

Inflation: Federal Reserve officials appear to be getting less sanguine about inflation as forecasts for core inflation in 2022 continue to grow. Eagerness to start raising interest rates is growing, according to WSJ. Read more here.