The Russian investment firm says slow regional public markets are driving an increasing flow of private equity opportunities.
Chrysler Financial, the lender Cerberus purchased alongside its corresponding auto unit last July, fell $6bn short of its $30bn target while renewing its credit facilities. The lender’s credit rating was reduced to B- last week on news of the company exiting consumer leasing.
China's securities regulator has reportedly given approval to two more securities firms to invest directly in private equity. Roughly $1.5bn in government-backed private equity funds were also reportedly approved.
Direct secondary investment firm Accretive Exit Capital Partners has closed its HarbourVest-backed debut fund on $125m and paid Evercore Capital Partners $110m for stakes in five assets. With its debut fund nearly fully deployed, Accretive will soon head to market with a fund targeting $300m to $400m.
The financial services specialist has sold Signal Holdings, a provider of protection programmes and repair services for mobile phones, to New York insurer Assurant.
After a tortuous process Tasman Capital Partners has acquired Nikko's Australian portfolio and is to launch a mid-market private equity fund for investments in Australia and New Zealand.
The Pacific Northwest buyout firm, whose founders spun out of Seattle mid-market firm Northwest Capital Appreciation, exceeded its $400m target in less than two months.
Citi Venture Capital International has appointed PR Srinivasan as its India head following the departure of Ajay Relan from the firm to start his own fund.
The Palo Alto firm has tied up with Indian venture firm Erasmic, and plans to raise a $60 million venture capital fund for investing in multiple sectors in the country.
The technology and healthcare specialist has also participated in a $13m financing round for myYearbook.com, a teen social networking website.