The Dubai government-backed private equity firm has opened an office in New York following the opening of a Shanghai office last year. The firm’s high-profile investments in North America have included Cirque du Soleil and Barneys New York.
2 min read · 05 January 2013
The $153bn New York State Common Retirement Fund has marginally surpassed its 8 percent private equity target allocation while approaching its 6 percent target real estate allocation.
1 min read · 05 January 2013
On the heels of bank investor Gerald Ford joining the firm, Flexpoint Ford has raised more than five times the capital of its 2005 debut fund. The Chicago-based firm has also hired two principals and will open a New York office.
2 min read · 05 January 2013
Led by former Abraaj managing director and co-founder Shirish Saraf, the growing MENASA-focused firm expects to close its debut special situations fund targeting $350m this month.
2 min read · 05 January 2013
The Irish private investment firm has brought on two former JPMorgan investment bankers as managing directors to grow its private equity investment portfolio and assets under management.
1 min read · 05 January 2013
American International Group will retain core business lines while entertaining the divestiture of all remaining units. The embattled insurance company plans to sell as many assets as necessary to repay its $85bn loan from the US government.
2 min read · 05 January 2013
The private equity firm, which specialises in Israel and China, has made the ‘flagship deal’ of its ‘gaming cluster strategy’ by backing Oberon Media. Fellow Oberon backers include Goldman Sachs, Morgan Stanley and Oak Investment Partners.
2 min read · 05 January 2013
The global buyout firm has agreed to provide equity and waive fees in support of Hexion’s $10.6bn merger with Huntsman. Last week, Hexion was ordered by a Delaware Court to comply with the buyout agreement in an effort to close.
1 min read · 05 January 2013
The UK lower mid-market specialist has made its third hire of the year, appointing Richard Swann as investment director.
1 min read · 05 January 2013
Following a contentious court battle, the global buyout firm’s portfolio company Hexion Specialty Chemicals has been ordered to perform its contractual obligations in its agreed $10.6bn buyout of Huntsman Corporation. The company’s arguments of a material adverse affect and insolvency were rejected.
2 min read · 05 January 2013
