Private Equity
Notwithstanding a dearth of exits and a few troubled deals, such as its investment in hotel group Accor, the listed French firm says its balance sheet is much healthier than its share price reflects. Its full year earnings report revealed it has written down to zero its stake in Colony-backed Station Casinos.
2 min read · 05 January 2013
JC Flowers' founder has resigned his position from the supervisory board of troubled European property lender Hypo Real Estate to avoid conflicts of interest as he fights to preserve the value of the firm's investment. Richard Mully, a managing partner of fellow Hypo investor Grove International, has also resigned.
2 min read · 05 January 2013
CalPERS, USS and CalSTRS are among the LPs calling for GPs to provide material consideration of environmental, social and corporate governance risks to their portfolios, according to a survey conducted by the UN’s Private Equity Principles for Responsible Investment.
2 min read · 05 January 2013
The financial services-focused firm’s presence in the country has been scaled back to a skeleton staff in its Hamburg office. Renate Krümmer has resigned, while all operational activity is now being handled from London and New York.
2 min read · 05 January 2013
Scottish Widow Investment Partnership will invest up to 50% of its private equity allocation into funds that invest in the secondary market and make turnaround and distressed investments, according to investment director William Gilmore.
1 min read · 05 January 2013
The global private equity firm has has also promoted 24 employees, the most senior of which are Asian private equity and real estate exeuctives. The promotions follow significant job cuts and office closures the firm announced in December.
2 min read · 05 January 2013
Jay Chen is now a part-time venture partner, which allows him time to focus on the research and consulting firm he founded in 2003.
2 min read · 05 January 2013
Peter Moon will retire next year from the UK’s University Superannuation Scheme, an influential limited partner in private equity, infrastructure and real estate funds.
2 min read · 05 January 2013
Recently voted best law firm for fund formation in Europe in the Private Equity International Awards 2008, SJ Berwin has identified China and East Asia as 'critical markets for the future', according to senior partner Jonathan Blake. The firm will open its 10th office in Hong Kong - its first outside Europe.
2 min read · 05 January 2013
Daniel Rosensweig joined Quadrangle in 2007 to launch its tech-focused Silicon Valley office. He will now oversee the operations of Activision's top-selling Guitar Hero video game.
2 min read · 05 January 2013
