The Carlyle Group related stories
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KKR eyes $1bn to $3bn for debut mezz fundThe mega-firm will join the ranks of other private equity players looking to offer mezzanine financing, which surges in demand when senior lenders withdraw from the LBO market.
- Abraaj founder: MENA returns to skyrocket
Past private equity successes ‘will be dwarfed’ by future returns, as the MENA region adjusts to the global financial crisis, according to Arif Naqvi. The Abraaj Capital chief executive warned, however, that among key risks facing the region today is the possibility of the price of oil shooting back up to over $100 a barrel.
- PSERS pulls out of almost $1bn of planned commitments
The $45.4bn Pennsylvania Public School Employees Retirement System has joined New Jersey in withdrawing planned commitments to funds, including Beacon, Carlyle, Stockbridge and Mesa West.
- Texas ERS to allocate $1bn to private equity this year
The pension is committed to building its fledgling private equity portfolio and forecasts meeting its targeted 8% allocation to the asset class by 2013, with commitments totaling $3.8bn.
- Carlyle raises $500m MENA fund
The global buyout fund has closed its first MENA-focused fund, which had originally targeted up to $1bn. The close comes one week after raising $553m for its second mezzanine fund.
- Carlyle raises $553m for second mezzanine fund
The Washington, DC-based mega-firm has already made investments from Carlyle Mezzanine Partners II and bought some mezzanine investments on the secondaries market.
- Plummeting RE returns add to Canadian pension fund woes
Canada’s Caisse de depot et placement du Quebec suffered large falls in its real estate returns in 2008, with declines of 21.9%, the largest in its history. The pension fund is now seeking ways to stem future losses.
- Apax sells minority stake to GIC, Future Fund
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.
- Private equity firms vie for Korean brewer
Affinity Equity Partners, MBK, Bain, Carlyle and KKR have reportedly submitted bids for Oriental Brewery, Korea’s second largest brewer, in a deal that could be worth more than $2bn.
- KKR touts environmental savings
The US mega-firm, which has recently pledged to adopt socially responsible investment strategies, says three of its portfolio companies have saved more than $16m through green policies, with other portfolios set to follow.