View this email online 

The Wire

Sept. 29, 2021

Bregal names CEO as part of planned transition, Soros-spinout Newlight Partners eyes hefty ambition for debut fund

Morning! 

Big news out of Bregal Investments this morning. The firm named Alain Carrier as chief executive officer, effective Jan. 1. Carrier will succeed co-CEOs Steve Black and Quentin Van Doosselaere, who are leaving at year-end as part of a planned retirement. 

Carrier will join Bregal in mid-November to help in the leadership transition, the firm said in a statement. Read it here. 

Also, Newlight Partners, formed by a group of executives who spun out of George Soros’ family office in 2018, is eyeing an ambitious goal for its debut independent fund. Newlight has been talking to potential investors about the fund. Read more here on Buyouts for the details.

That’s it for me! Have a great rest of the day. Reach me with tips n’ gossip, feedback or whatever else at cwitkowsky@buyoutsinsider.com or find me on LinkedIn.

Read the full wire commentary on PE Hub...

Also of note (may require subscriptions)

Finish: Brightstar Capital completed the acquisition of XLerate Group, a nationwide car auction and remarketing facilitation company. Brightstar made the acquisition in partnership with XLerate’s senior management team. Read more here.

Considering: Alaska Permanent Fund Corp is considering a secondaries sale to get its allocation rebalanced. The sovereign fund is considering hiring a broker for a secondary sale later this year, said CIO Marcus Frampton at the state investment committee meeting this week. Read it here on Secondaries Investor.