The US state's $37.6bn national oil fund has launched a $400m fund of funds targeting middle market companies, a departure from its previous private equity programme. It has also made commitments to Goldman Sachs’ and Alinda’s latest infrastructure funds.
The private equity firm beat its combined target of $6.5bn for the two funds. It is the first time Lone Star has raised separate, side-by-side funds for each investment strategy.
The $37.6bn national oil fund has made commitments to Goldman Sachs’ $7.5bn infrastructure fund and Alinda’s second infrastructure vehicle. Alaska has also launched a $400m fund of funds to invest in private equity funds targeting companies valued at less than $1bn.
The Middle East- and London-based investment manager has reported its second strongest year even as net income declined and the pace of private equity deals slowed.
The Broadview International spin-out will focus on growth equity investments in ‘bootstrap’ US and European tech companies.
The global investment bank has reportedly raised $10bn to provide senior debt for private equity deals. In combination with the firm’s $20bn mezzanine fund, Goldman now has the ability to independently finance leveraged buyout of substantial size.
John Kukral, who was fundamental in building Blackstone’s real estate arm, will target US distressed real estate companies and assets with Northwood, his debut fund. It is based on an evergreen structure, and split into two separate vehicles.
The Paris-based buyout firm has become the latest to follow 3i into the quoted equity fund management arena by backing veteran Philippe Guez in his new firm. The start-up will mirror 3i’s quoted equities model by targeting minority stakes.
The US private equity firm sees an opportunity in Japan amid moves by major banks to cut their exposure to property, according to a report.
Richard Laing, chief executive of the UK government’s fund of funds investor in emerging markets, says the mission to reduce poverty is central to CDC’s investment thesis. Latest commitments to Indian managers underline the strategy.