VENTURE CAPITAL POST

Shorecliff Asset Management, co-founded by Grant Nachman and Anthony La Lota, tripled its assets to over $500 million. It pivots towards higher-quality credit investments and achieves remarkable returns.

Tekni-Plex, one of the largest specialty plastic films makers in North America, was acquired by private equity firm American Securities from two other private equity firms who had majority ownership stakes in Tekni-Plex for the last five years.

Nine Entertainment would raise AUD 600 million for its IPO in Australia, a source said.

Stakeholders of Prime Office REIT-AG approved the plan to merge with Oaktree Capital Group's German real estate business.