Deepak Moorjani

Proposed Add-On investment in Centerbridge Credit Partners Fund

Memorandum to: State Investment Council From: Timothy Walsh, Director Subject: Proposed Add-On investment in Centerbridge Credit Partners Fund, L.P. The New Jersey Division of Investment is proposing an additional investment of $60 million in Centerbridge Credit Partners Fund, L.P. (the “Fund”). This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. […]

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Private Equity Investments in TPG Opportunities Partners II and New Jersey/TPG NPLs (commercial and residential)

private equity / Deepak

Memorandum to: State Investment Council From: Timothy Walsh, Director Subject: Proposed Investments in TPG Opportunities Partners II, L.P. & Related Separate Account Vehicles The New Jersey Division of Investment (“Division”) is proposing an investment of $100 million in TPG Opportunities Partners II, L.P. (“TOP”) and $200 million into separate accounts (New Jersey/TPG NPLs – Commercial

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Proposed Investment in Tenaya Capital VI Fund

private equity / Deepak

Memorandum to: State Investment Council From: Timothy Walsh, Director Subject: Proposed Investment in Tenaya Capital VI Fund The New Jersey Division of Investment is proposing an investment of $40 million in Tenaya Capital VI Fund. This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9. Tenaya Capital, LLC is a

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News / Deepak

Excerpts: Morgan Stanley Misses Deal Harmony With Colm Kelleher – Paul Taubman Clash Colm Kelleher and Paul J. Taubman, co-heads of Morgan Stanley’s biggest business, work on opposite sides of an ocean, disagree about strategy and share an enmity that has become the subject of company jokes. Neither Kelleher, 54, a gregarious former fixed-income salesman,

Proposed Investments in Blackstone Real Estate Partners VII

private equity / Deepak

Memorandum to: State Investment Council From: Timothy Walsh, Director Subject: Proposed Investments in Blackstone Real Estate Partners VII The New Jersey Division of Investment is proposing an investment of $300 million in Blackstone Real Estate Partners VII. This memorandum is presented to the New Jersey State Investment Council (the “SIC”) pursuant to N.J.A.C. 17:16-69.9. Blackstone

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Proposed Investment in Blackstone Resources Select Fund

private equity / Deepak

Memorandum to: State Investment Council From: Timothy Walsh, Director Subject: Proposed Investment in Blackstone Resources Select Fund The New Jersey Division of Investment is proposing an investment of up to $250 million in Blackstone Resources Select Fund managed by Blackstone Alternative Asset Management L.P. (BAAM). Blackstone Alternative Asset Management is a subsidiary of the Blackstone

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News / Deepak

Excerpts: JPMorgan Called Tribune Debt Distressed Prior to New Loans JPMorgan Chase & Co. lowered its internal rating on Tribune Co.’s debt, labeling it distressed months before arranging new loans that funded the newspaper publisher’s 2007 buyout, e-mails made public in court show. Miriam Kulnis, a manager in JPMorgan’s distressed-debt unit, said in court testimony

News / Deepak

Excerpt: Steve Baronoff to Lead Merrill’s M&A Team Again Bank of America Merrill Lynch will again hand the reins of its mergers and acquisitions group to Steven Baronoff as the team’s current head, Jeffrey Kaplan, will leave to join the hedge fund Appaloosa Management, the firm said in an internal memorandum obtained by DealBook. Mr.

News / Deepak

Excerpt: $180 Million Is Not Chump Change For instance David Hiller, CEO of the Los Angeles Times before he left the company in July of 2008, got $3,972,558 in a deferred bonus, $2,328,067 for his stock, $2,083,333 in phantom equity, a total of $3,050,523 in excise tax gross ups, and $3,960,000 in executive transition. That

News / Deepak

Excerpt: Creditors sue to get money back from Tribune Co. executives, managers Some of the 200 are former senior executives, like Dennis FitzSimons, who left the company as chairman and chief executive with tens of millions of dollars and who, as an architect of the deal, might have expected to become the focus of litigation.