BlackRock related stories
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National Express rejects £700m proposal from CVC consortiumThe debt-laden transport company's independent board has said the revised offer undervalues the company.
- Wilshire loses senior FoF execs, COO
The firm declined to say whether key-man issues are triggered by the departure of its COO, European FoF head and an executive responsible for global co-investments.
- US pension guarantor cancels PE contracts
The Pension Benefit Guarantee Corporation has revoked contracts with BlackRock, Goldman and JPMorgan after concluding the former head of the federal body may have tainted the bidding process.
- Report: CVC bids $2.1bn for Anheuser’s CEE units
Should a deal with CVC materialise, it would mark the second set of assets one of the world’s biggest brewing companies has recently sold to private equity firms.
- US Treasury selects Oaktree, Angelo Gordon for PPIP bank bailout
The US government has selected nine private investment firms, including Oaktree, Invesco and Angelo Gordon, to help take real estate loan-backed securities off banks’ balance sheets.
- BlackRock closes fourth fund of funds on $790m
The asset management giant has stopped fundraising for BlackRock Diversified Private Equity Program IV below its original target of $1bn.
- BlackRock vet to lead Wilshire Private Markets
The private equity fund of funds has hired Kevin Nee as its president after collecting $615m for its eighth private equity fund of funds.
- Auditor questions PBGC private equity selection process
The inspector general of the US Pension Benefit Guarantee Corporation said it has found improper communications between the agency’s former director, Charles Millard, and investment firms bidding for contracts to manage the agency’s $2.5bn allocation to private equity and real estate. US Congress is now investigating the issue.
- Foresight signs €50m Italian solar deals
UK-based clean technology-focused private equity firm Foresight Group has agreed two deals worth a combined €50m for 10 megawatts of solar projects in Italy using its European Solar Fund and bank debt.
- BlackRock reports private equity losses
Profits in the fourth quarter for the New York-based firm, which manages more than $1tn in assets, were hit especially hard by hedge fund and real estate losses.