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Carlyle sets up second RMB fundThe firm has acted quickly on a new pilot scheme from the Beijing government to attract foreign private equity investment. It will reportedly raise $732m.
- AMERICAS NEWS: PPIP wiggle room
Marathon Asset Management is the latest manager to hold a first close on its PPIP fund. PERE Magazine December 2009-January 2010 issue.
- Carlyle- and GS-backed Cobalt eyes $1bn listing
The oil and gas exploration platform, created in 2005 by a consortium including Carlyle, Goldman and First Reserve, hopes to fund its exploration activities despite having ‘no proved reserves’.
- StanChart, L Capital in $81m luxury buyout
A syndicate including Standard Chartered's private equity arm and an LVMH-backed private equity fund have purchased Singapore-based luxury watch retailer Sincere.
- SEAVI Advent- and Apollo-backed company plans $250m IPO
Shengli Oil & Gas is the latest in a series of private equity-backed companies planning to list on the Hong Kong Stock Exchange.
- Normandy, Five Mile buy John Hancock Tower
The Boston skyscraper was sold for a reported $20.1m, plus the assumption of a $640.5m mortgage, after Broadway Partners defaulted on a loan. Broadway paid $1.3bn for the skyscraper and two other buildings in 2006.
- TPG, AMR offer $1.1bn for Japan Airlines
TPG is once again targeting a struggling airline, having teamed with American Airlines on a joint bid to restructure JAL. Rival US-based carrier Delta is also bidding.
- Oaktree lags other managers on PPIP fundraise
Marathon Asset Management recently held a first close reportedly on $400m for PPIP, leaving Oaktree as the last firm to reach the benchmark.
- MEACP raises fund target to $500m
The MAP Clean Energy Fund has increased its target by $100m and is aiming for a first close on $70m by December.
- TPG eyes struggling Japan Airlines
The firm may try to replicate one of its greatest triumphs - the successful turnaround of Continental Airlines - in a deal that could reportedly be worth $300m or more.