UBS Pension Fund related stories
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Advanced Capital hires UBS heavyweightThe Italian alternatives firm – one of Southern Europe’s earliest international private equity fund of funds operators – has hired Seth Lieberman to head up its new global real estate platform.
- Oak Hill gathers $3.8bn for Fund III
The Robert Bass-founded private equity firm is nearing its $4bn fundraising target and expects a final close in February.
- CalPERS: ‘Discussing’ capital call timings with GPs ‘not unusual’
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
- No news is good news
Banks and private equity firms can breathe a small sigh of relief at UBS’ settlement with Tank & Rast, writes Toby Mitchenall.
- GIC to shift sights to private equity
Singapore’s largest sovereign fund has increased its investments in private equity and real estate in recent years – a trend likely to continue owing to the turmoil in the financial markets. The change was revealed as part of its first performance report, which also shed rare light into the GIC’s structure.
- Eurazeo links 19% share drop to Lehman collapse
The publicly listed private equity firm has said the fall in its share price Tuesday was probably due to an unnamed financial institution being forced to unwind a Eurazeo securities-backed loan, to which Lehman was the counterparty.
- UK lender rejects Bridgepoint, Apollo, Blackstone buyout bid
The failed bid marks the second time this year that a private-equity backed rescue of a struggling UK-based mortgage lender has fallen apart.
- Close Brothers trims advisory arm
The European investment bank’s corporate finance advisory business, which has advised on recent private equity deals including Hg's £126m exit of Boosey & Hawkes, has pruned its London team by 11 bankers as the slowdown in M&A activity takes its toll.
- Oak Hill buys eight US TV stations for $1.1bn
The News Corp stations will be managed by the senior executives of Local TV, Oak Hill’s year-old television platform.
- Doughty Hanson pays €750m for BPO company
The European buyout firm has made its first foray into financial services with its second deal of the year beating off stiff competition from US rivals in an auction run by UBS.