The commitment comes as the $200bn pension is reviewing its private equity programme, including analysing fees paid by its fund managers to placement agents.
1 min read · 05 January 2013
The secondaries market will become much more active in 2010 ‘as continued portfolio net outflows force investors to intensify their search for liquidity'.
2 min read · 05 January 2013
The oil and gas exploration platform, created in 2005 by a consortium including Carlyle, Goldman and First Reserve, hopes to fund its exploration activities despite having ‘no proved reserves’.
2 min read · 05 January 2013
The senior partner from Bain Capital, Steve Pagliuca, was charged by political rivals with 'gutting' portfolio companies.
2 min read · 05 January 2013
Riverstone has already paid $30m to settle its case in the ongoing New York Common pay-to-play investigation.
3 min read · 05 January 2013
The Oregon Investment Council has asked Wesley Edens, principal and co-chairman of Fortress Investment Group, to review the firm’s fee structures.
3 min read · 05 January 2013
Wesley Edens, the firm’s co-chairman, said Fortress portfolio company Nationstar, a mortgage servicer, was a candidate for a possible IPO.
3 min read · 05 January 2013
The bill now goes before the US Senate, and if approved will likely be signed into law by President Obama.
2 min read · 05 January 2013
Markstone does not expect the criminal case against its former chairman Elliott Broidy to have an effect on the ‘value of investors’ interests in the partnership’.
2 min read · 05 January 2013
Lone Star has a plan to keep total control of bankrupt US grocer Bi-Lo outside of bankruptcy, while a lending group that includes KKR wants to split control of the company. Bi-Lo operates 215 stores in the southeastern US.
2 min read · 05 January 2013
