Private Equity
None of the sale's proceeds have been used to cash out Apax GPs, but rather will be re-invested in a permanent capital vehicle that will invest in Apax funds.
2 min read · 05 January 2013
The quoted investment manager suffered a net loss for the first time in its history, due largely to hedge fund positions. Its private equity portfolio is 'in better shape' than many competitors, chief executive Nemir Kirdar has said.
2 min read · 05 January 2013
Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.
3 min read · 05 January 2013
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff, representing 20 percent of its workforce.
1 min read · 05 January 2013
The Los Angeles-based private equity firm has sold the Breakwater Edison hotel on Miami’s famed Ocean Drive for $25m.
2 min read · 05 January 2013
The Oman Investment Fund acquires half of the hotel chain from the Dublin-based private equity real estate firm, just one year after Quinlan purchased Jurys Inns for €1.17bn. The deal will allow Quinlan to take advantage of falling real estate values in the UK.
2 min read · 05 January 2013
The Abu Dhabi Commercial Bank and Macquarie joint infrastructure fund's investment will help support infrastructure developments commissioned by the Abu Dhabi government. The fund has raised more than half of its $1bn target.
1 min read · 05 January 2013
The Southern California-based private equity advisor will manage AMP’s Future Directions Private Equity Fund and act as the firm’s ‘exclusive’ partner in Australia and New Zealand.
2 min read · 05 January 2013
For its second funding round, the Israel- and China-focused private equity firm invested $13m alongside other investors in Chiral Quest Corporation.
2 min read · 05 January 2013
Aurum Ventures, Canaan Partners and Evergreen Venture Partners are among the firms that have invested in N-trig. The investment will be used to fund technological innovation and the development of new platforms.
1 min read · 05 January 2013
