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New Mexico SIC allocates $275m for private equityNew Mexico’s $14bn oil and gas endowment, a long-time investor in private equity, hasn’t made a commitment since early 2009. SIC wants to commit to six funds over the next 12 months.
- Hg scores 3.7x as KKR strikes €1.4bn Nordic first
KKR's debut Nordic deal is for business software company Visma, whose EBIDTA has grown more than 265% since its 2006 take-private by HgCapital.
- Nigeria to create $1bn sovereign wealth fund
The government said the fund will ‘act as a vehicle for attracting and channeling capital flows to critical infrastructure’. The fund is an initiative championed by newly installed President Goodluck Jonathan and will be seeded with revenues from the country’s oil and gas sector.
- Report: Bain, Permira among final bidders for Taiwan's CNS
The two firms have reportedly been invited, along with Macquarie Group, to bid in the final round for MBK Partners-backed cable and broadband operator China Network Systems.
- Report: TPG sells remaining $1.2bn Ping An shares
The reported share sales give TPG a landmark return of roughly 16x on its original $150m investment in SDB.
- China-based mining fund launched with RMB10bn target
China Mining United Fund, based in Beijing, plans to invest in both onshore and offshore natural resources companies.
- KKR launches China fund
KKR will for the first time raise a country-specific fund, which has a target of around $1bn.
- Temasek's portfolio value recovers to 2008 levels
Asia, and other growth markets including Latin America, remains the sovereign fund's key investment focus for the next 10 years.
- Fortress to buy loan servicer from Caisse de dépôt
Apollo and Centerbridge reportedly lost out to Fortress for the US’ second-largest special servicer, which was expected to fetch $200m.
- Morgan Stanley transfers 5 offices to AREA
After months of negotiations, Morgan Stanley has transferred the ownership of five San Francisco offices to AREA, which provided mezzanine financing for the original $2.6bn deal.