Private Equity
The Pennsylvania-based private equity firm has exceeded its $200m target, having garnered commitments from returning investors as well as new institutional limited partners.
1 min read · 05 January 2013
The buyout firm has effectively lost its $830m equity investment in the aluminium products provider, which blamed the deteriorating economy and the falling price of aluminium for its bankruptcy. Lenders led by Apollo and Oaktree are providing Aleris with new debt.
2 min read · 05 January 2013
A Darwinian winnowing of the European VC industry will not be enough to finally produce respectable results, writes Simon Clark.
3 min read · 05 January 2013
The US-based firm has invested $15m in a Chinese steel parts maker along with CDH Investments, China Everbright and Asia Mezzanine Capital.
1 min read · 05 January 2013
The wife of Singapore’s prime minister will in October cease leading Temasek, which has come under fire for financial services over-exposure. The sovereign fund and avid private equity player will be led by ex-BHP Billiton chief executive Chip Goodyear, a succession that has been planned for 'more than a year'.
2 min read · 05 January 2013
The number of development loans written-off by banks in the US is also expected to rise sharply for the final three months of 2008. Of the estimated $60bn in outstanding construction loans as of Q4, 8.2 percent are expected to be non-accrual.
1 min read · 05 January 2013
The American Society of Civil Engineers also assigned a cumulative grade of D to the nation’s infrastructure. It is the fourth time the US earned that grade in the study, while the estimated spending needed to improve the state of the infrastructure continued to climb from $1.6tn in 2005.
3 min read · 05 January 2013
The private equity real estate firm, co-founded by AREA Property Partners’ Bill Mack and Lee Neibart, has parted company from the young fashion designer. NRDC bought two-thirds of the design company for around $10m in 2007.
1 min read · 05 January 2013
A new report also predicts two million jobs could be created by 2010 if global private equity infrastructure funds were geared to 60% and invested in the US alongside federal stimulus.
2 min read · 05 January 2013
The vehicle, Mid-Atlantic Capital Fund, is the first real estate opportunity fund for the Frederick, Maryland-based real estate company.
1 min read · 05 January 2013
