North America

Pennsylvania SERS commits $50m each to H.I.G., KPS

KPS Capital Partners’ recent success on the fundraising trail continues with a $50m commitment from the $25.3bn Pennsylvania State Employees’ Retirement System.

French VC Alven eyes hard-cap on Fund IV

Alven Capital has hit its €100m target on its fourth investment vehicle and is expected to collect around €120m for investments mostly in French Internet companies.

Private equity honchos collect millions

KKR's co-founders took home nearly 50% more in total compensation in 2012 compared to 2011, while Blackstone chief Steve Schwarzman’s annual pay remained flat year-over-year.

Carlyle eyes Jakarta office

The Carlyle Group is considering opening an office in Jakarta to improve access to Southeast Asian markets, says COO Glenn Youngkin.

Energy Future Holding’s uncertain future

Five years after being acquired for $48bn by KKR and TPG, the prognosis of Energy Future Holdings has grown bleak.

The Annual Review 2012

On the bright side

AAC Capital trying to raise separate Benelux fund

AAC Capital has so far attracted $60m for Benelux Fund III, its first independent vehicle since spinning out of ABN AMRO in 2007 – as uncertainty continues to surround the future of its UK operation.

Montagu lands 3.5x return on airfield lighting business

The UK-based firm has agreed to sell ADB Solutions to PAI Partners in a deal understood to be between €200m and €250m.

Carlyle leads $688m take-private of China hotel chain

Carlyle is leading its second take-private of a US-listed Chinese company, following a trend of privatisation deals involving Chinese companies listed overseas.

HIG hits $1bn hard-cap for Fund V

The firm raised $250m more than its 2006 vintage predecessor fund and will continue HIG’s strategy of investing in lower mid-market businesses in the US.