The firm’s financial services group, led by Olivier Sarkozy, half brother of the French president, has made three investments.
2 min read · 05 January 2013
The Wes Edens-led firm is approaching LPs in a 2007 $1.2bn co-investment fund for money to pay down debt in the portfolio.
1 min read · 05 January 2013
The $133bn pension committed up to $250m to a Blackstone/GSO fund that will provide capital to distressed companies, and $150m to an Angelo Gordon distressed debt fund.
1 min read · 05 January 2013
The mid-market firm has hired education veteran Bob Bowen as senior advisor as part of an expansion in education and training.
2 min read · 05 January 2013
The new firm, Hermes GPE, will look to acquire in-house private equity programmes from asset managers getting out of the business, said CEO Alan MacKay.
2 min read · 05 January 2013
The emergence of new pools of capital is a welcome signal for private equity fund managers, even if 'new' LPs aren't always looking to commit to traditional PE funds.
2 min read · 05 January 2013
The recapitalisations of auto-parts supplier HHI and Attends Healthcare will generate $210m in cash distributions. KPS has collected distributions totaling $260m in the first quarter.
2 min read · 05 January 2013
Several institutions have carved out - or considered creating - space for private equity for the first time, countering a retreat by struggling LPs with more experience in the asset class.
2 min read · 05 January 2013
The mega-firm has hired a lobbyist to advocate against a proposed California law that would end payments to placement agents for successful fundraisings.
3 min read · 05 January 2013
The $47bn pension has $6bn of unfunded commitments to private equity, and has increased its allocation to 21% from 18%.
2 min read · 05 January 2013
