The Swiss bank’s CHF 599 million in private equity write downs contributed to an overall yearly loss of CHF 1.1bn in the asset management division. Credit Suisse is overhauling its asset management division to focus more on alternatives.
2 min read · 05 January 2013
Infrastructure and renewable energy are the hot sectors right now for private equity firms, but US President Barack Obama's plans for the sectors will determine how attractive they remain to private investors.
2 min read · 05 January 2013
Blackstone will not replace Bruce Amlicke, who is leaving the firm to spend time with his family.
1 min read · 05 January 2013
George Fisher, a senior advisor with Kohlberg Kravis Roberts, told a conference crowd that the private equity industry needs to do a better job of explaining the benefits it brings to businesses. KKR has been increasingly more communicative with the public in recent years.
2 min read · 05 January 2013
The head of JC Flowers told a packed New York conference last week that he is bullish on US government-assisted bank bailouts, similar in risk profile to the landmark takeover of Japan’s Shinsei bank, which turned into one of the most lucrative private equity deals in history and solidified Flowers’ reputation as a financial-services wizard.
3 min read · 05 January 2013
The fate of the bank’s recently created private equity and global investment management division is unknown as the division’s first leader, Brian Moynihan, takes the reins of the merged company’s global banking and global wealth and investment management division.
2 min read · 05 January 2013
The Chicago-based firm's distressed and turnaround fund will target companies in financial services, gaming and consumer products.
1 min read · 05 January 2013
The $1.5bn pension, concerned that GPs were not ‘realistic’ during the buyout boom, will delay an initial allocation to the asset class.
2 min read · 05 January 2013
The Boston- and London-based venture firm has closed its eighth fund on $283m, well below its target of $400m.
2 min read · 05 January 2013
The Chicago-based media company failed owing to the $13bn of debt loaded onto its balance sheet when it was acquired by billionaire real estate investor Sam Zell last year. The company said in its bankruptcy filing it had just $7.6bn of assets. Zell invested $315m in the deal.
2 min read · 05 January 2013
