The Carlyle Group related stories
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Candover to shrink 2008 fundThe firm is revising its investment strategy for the fund as well as allowing investors to slash their commitments. Before any reductions the fund stands at €3bn.
- Who’s responsible?
The largest private equity firms in the world have committed to consider socially responsible investment guidelines. Is this all just PR window dressing? asks Christopher Witkowsky.
- Carlyle, TPG move to appease lenders
Carlyle wants to inject £25m into IMO Carwash, while TPG reportedly has offered to write a €60m equity cheque for UK chemicals company Vita. The actions are meant to trigger debt write-downs from portfolio company creditors.
- Mega-firms embrace socially responsible investing
Some of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.
- Morgan Stanley lays off Asia PE banking head
Jonathan Mandel, who joined the bank's Hong Kong office this March, has been caught up in a round of redundancies.
- Report: KKR, Carlyle eye $3bn in Verizon assets
The mega-firms are reportedly among potential buyers for $3bn-worth of assets including 2.1 million wireless subscribers in 22 US states. Last month, TPG and Goldman Sachs completed their sale Alltel to Verizon, booking $1.3bn in profit.
- Carlyle collects $1bn for ‘bad bank’ fund
The New York-based firm is raising $3bn for its financial services-focused fund. TPG and JC Flowers are also looking to invest in the sector.
- Mubadala holds $300m first close on MENA infrastructure fund
Mubadala, GE and Credit Suisse are reportedly raising $500m to invest in sectors including power, water, telecoms and transportation.
- Report: Fortress cuts 11% of staff
The publicly traded alternatives manager reportedly cut around 100 jobs towards the end of 2008, as its share price was hitting an all-time low.
- TPG halts stake sale talks with LPs
Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.