Middle East & North Africa

Denham recruits ex-Nomura head for London push(2)

Denham Capital Management is the latest US power industry investor to set up a London office, after recruiting the former head of energy at Japanese bank Nomura International Louis van Pletsen.

Global holds $500m first close on MENA fund

Global Capital Management, a subsidiary of Kuwaiti investment bank Global Investment House, has held a first close on its MENA fund with more than $500 million in commitments.

DIC makes first direct MENA investment(3)

Dubai International Capital has completed its first direct private equity investment in the region through the acquisition of luxury company Rivoli Group.

Yale returns 28 percent, beats peers(4)

The alternatives-focussed Yale University endowment returned 28 percent this year, up 5.1 percent percent from 2005. The endowment is now valued at $22.5 billion, up 25 percent from 2005.

Wisconsin pension hires StepStone(2)

PCG spin-out StepStone will manage the State of Wisconsin Investment Board’s specialised private equity fund investments.

Actis sells global energy group for $528m

Actis has partially sold energy company Globeleq while retaining the company’s sub-Saharan assets and its global pipeline of projects. Actis has managed Globeleq for emerging markets firm CDC.

Carlyle hires global regulatory affairs head(3)

Carlyle has hired international trade and policy expert David Marchick to provide in-house government affairs, regulatory and strategic advice to its fund managers.

Yale returns 28 percent, beats peers(3)

The alternatives-focussed Yale University endowment returned 28 percent this year, up 5.1 percent percent from 2005. The endowment is now valued at $22.5 billion, up 25 percent from 2005.

Segulah recaps hydraulics company

The Nordic buyout firm’s Skr2 billion recapitalisation of Dacke, two years after the buyout firm acquired the company, is an exception in liquidity-starved credit markets.

Knight Frank to launch East African property fund(4)

Having recently reported an increase in value and growth in the region, the firm’s private equity real estate arm will launch an East Africa-dedicated fund, its fifth fund in the last two and a half years.