Zoe Hughes
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.
The globe's 30 largest firms in private equity real estate have raised more than $190 billion over the past five years, according to the latest numbers.
The investment bank's private equity real estate arm is raising $10bn to take advantage of ‘distress and dislocation’ as its private equity arm raises a $6bn global fund.
The Public School Employees' Retirement System committed to Sankaty’s $5bn distressed debt fund, Morgan Stanley’s $10bn real estate fund and Avenue Capital’s €5bn European distressed investment fund, among others.
The $34bn Pennsylvania State Employees’ Retirement System has reached its target allocation for private equity and real estate with four new commitments.
Eastern and Central European countries with programmes encouraging public-private partnerships are more likely to obtain infrastructure investments than their Western European neighbours, a study finds.
The $253 billion California pension fund made a fresh round of commitments to record-setting healthcare- and life science-focussed VC funds in addition to CVC and KKR.
The Governor of Pennsylvania, Edward Rendell, calls for more public-private partnerships amid warnings that American infrastructure is ‘crumbling’ and needs more than $1.6tr in improvements.
The private equity arm of Credit Suisse calls the move a natural step as it targets the US Midwest’s industrial services sector.
The former CEO of Credit Suisse asset management, David Blumer, will be replaced by Rob Sharif after taking up a new role as head of financial markets at Swiss Re.