GMR Infrastructure will purchase AIG’s 50 percent stake in power generation company InterGen, while Ontario Teachers’ will continue to hold the remainder of the company it purchased with AIG in 2005. The firms paid a combined $1.75bn to acquire InterGen two years ago.
1 min read · 04 January 2013
The wealth management arm of the Bank of New York Mellon has appointed former Citi executive Ted Berenblum to lead the firm’s expansion of private equity, real estate and infrastructure investments.
1 min read · 04 January 2013
The New York-based private equity firm says it plans to expand the German commercial real estate lender’s operations internationally, particularly in Japan, after shareholders tendered 24.13 percent of the firm’s stocks.
2 min read · 04 January 2013
Alternative assets managed by the world’s top 99 investment managers on behalf of pension funds grew by 40 percent over the past year, according to consulting firm Watson Wyatt.
2 min read · 04 January 2013
The US’ second largest pension fund is considering allocating $1bn to the growing asset class with California’s infrastructure needs to be given preference. The move comes as fellow pension giant CalPERS finalises its inflation-linked investment programme.
2 min read · 04 January 2013
US firm Prudential Real Estate Investors (PREI) has expanded its investment relationship with partner Beekman Helix India Partners by establishing a joint private equity real estate platform, Pramerica BHI India.
1 min read · 04 January 2013
The $34bn Pennsylvania State Employees’ Retirement System commits to six private equity debt and technology funds, as it reveals investments are down 4 percent in the first quarter of 2008.
2 min read · 04 January 2013
The Canadian pension has been hit by turbulence in the public equities and REIT markets, but its alternatives fared well in 2007, with infrastructure leading the way.
2 min read · 04 January 2013
The US state has revealed a major funding gap in key infrastructure projects, if it is to keep pace with growing population over the next 25 years.
2 min read · 04 January 2013
The chairman of the New York-based alternative asset manager said the firm is building an operating team in China and downplayed problems with its Chrysler and GMAC deals.
1 min read · 04 January 2013
