Middle East

Abraaj targets $2bn for infrastructure fund(3)

Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.

Nokia spin-out opens second China office

BlueRun Ventures has opened a new office in Beijing as it steps up its China operations.

StepStone nabs PCG pro(2)

StepStone, a San Diego area advisory firm founded by three ex-PCG executives including its former president, has hired PCG’s former head of research, Jay Rose. Rose is the sixth former PCG employee to move across town to StepStone.

Norton Rose teams with Abdulaziz Al-Assaf in Saudi

Norton Rose, the global law firm, has opened an office in Saudi Arabia in association with Middle Eastern law firm Abdulaziz Al-Assaf combining Norton Rose’s regional corporate experience with its rival’s political exposure in the region.

Sainsbury’s considers Qatari £500m equity increase(3)

Qatari investment arm Three Delta is likely to increase the equity component of its offer for FTSE 100-listed Sainsbury’s to meet concerns of the board that the company will be over-leveraged.

Advent’s Kiev office ends reorganisation(3)

Global buyout firm Advent International has completed its reorganisation of its central and eastern European operations with the opening of an office in Ukraine.

Ussher welcomes sovereign funds to London

The UK City Minister has said she is inviting the Chinese government’s sovereign fund to London. The funds continue on a path towards respectability after Sir David Walker persuaded the Qatar Investment Authority to sign up to his proposals on disclosure and transparency.

Filmmaker aims to win hearts, minds with anti-private equity films

PEO interviews Robert Greenwald, the creator of a new series of short films criticising private equity, following an earlier PEO commentary about his 'The War on Greed' series.

Sequoia drops Yale after refusal to invest in Asian funds

Yale University has reportedly said that Sequoia severed its relationship with the $18 billion endowment after it declined to invest in some of the firm’s newer, Asian vehicles.

Abraaj targets $2bn for infrastructure fund(2)

Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.