David Snow examines what America’s Public-Private Investment Program for troubled assets means for private equity.
2 min read · 05 January 2013
The CIO of the influential private equity advisory group will depart by the end of the month, a source confirmed. SVG Advisers is a division of SVG Capital, the UK-listed vehicle that has committed capital to London private equity firm Permira since 1996.
2 min read · 05 January 2013
The secondaries advisor and placement agent has been approaching large investors about a vehicle that allows clients to 'share' capital calls with cash-strapped LPs.
2 min read · 05 January 2013
The New York firm has asked Trent Vichie of Macquarie Securities to lead Blackstone’s newly unveiled developed-infrastructure business. Vichie, an Australian national, was instrumental in the Chicago Skyway transaction, a landmark US toll road privatization.
2 min read · 05 January 2013
Two and twenty? Try one and ten for KKR's new infrastructure fund, reveals David Snow.
2 min read · 05 January 2013
Apollo founder Leon Black has expressed confidence in the more than $15bn in senior loans owned by his firm, saying the risk/reward profile of the investments remained highly attractive despite margin call headaches. Apollo closed its seventh buyout fund on $14.8bn in December.
2 min read · 05 January 2013
Unlike hedge funds, private equity doesn’t have to deal with the Madoff performance question, writes David Snow.
3 min read · 05 January 2013
One of the firm’s portfolio companies, Aozora Bank, is a victim in the alleged Ponzi scheme, and the chairman of another portfolio company controls a feeder entity that may have lost $1.8bn to Madoff.
2 min read · 05 January 2013
The Hong Kong-based firm invested some 40% of its prior private equity fund in Korea.
1 min read · 05 January 2013
The founder of a notable New York law firm has been accused of impersonating an Ontario Teachers’ Pension Plan official, reportedly in an attempt to defraud Fortress Investment Group. Dreier had reportedly been in talks with a division of Fortress Investment Group about a $50m investment in an unnamed company.
3 min read · 05 January 2013
