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CVC’s Formula One sold to Liberty Media in $8bn dealThe buyout giant, which is understood to be plotting a $14bn fundraise in the first half of next year, reportedly bought the global motorsports franchise for about $1.7bn in 2006.
- Harvard hires TIAA-CREF investor to lead natural resources
Colin Butterfield, who managed Brazilian farmland investments for a TIAA-CREF and Cosan Alimentos JV, will lead the university endowment’s natural resources strategy.
- China’s CreditEase mulls investments in KKR, Blackstone
The Beijing-based financial services company, which is raising a $200m private equity fund, will be targeting investments in North America and Europe as well as Asia.
- Investcorp sells 20% stake to Abu Dhabi sovereign fund
The sale comes as the Bahraini firm, led by Mohammed Mahfoodh Al Ardhi, embarks on its ambitious growth plan.
- Goldman sued by HK PE firm for ‘fraudulent betrayal’
Private equity firm Primus Pacific has filed suit in New York accusing Goldman Sachs of hiding its incentive to ‘curry favour’ with Malaysia’s Prime Minister Najib Razak when Goldman was financial advisor to EON Capital, a local bank in which Primus was the largest shareholder.
- Abraaj closes Turkey fund above target
Despite an onslaught of challenges, the emerging markets specialist has raised $526 million for its debut Turkey-dedicated vehicle.
- Kravis: PE has done a ‘poor job’ for women in the industry
That’s why diversity is a ‘high priority’, Henry Kravis said at the Women’s Foundation in Hong Kong, and so far KKR has managed to triple the number of women in senior roles in the last three years.
- Apax sets $9bn hard-cap on Fund IX
The firm has amassed $7.9bn for the vehicle, which held a $7bn initial close last month.
- CVC said to be plotting €12.5bn Fund VII(1)
The global buyout house is rumoured to be returning to market with an offering in the first half of 2017.
- CVC said to be plotting €12.5bn Fund VII
The global buyout house is rumoured to be returning to market with an offering in the first half of 2017.