Private Equity
Average private equity fund valuations at the end of the first quarter were down slightly compared to Q4 2010, but distributions in relation to drawn down capital shot up to levels not seen since 2008.
2 min read · 05 January 2013
US House of Representatives members Jared Polis and Mike Quigley sent a letter to President Obama strongly opposing a tax increase on carried interest.
2 min read · 05 January 2013
The Carlyle Group, Thomas H. Lee Group and Bain Capital-backed restaurant franchise will use proceeds from the IPO to pay down debt accrued in part as a result of a dividend recapitalisation last year.
2 min read · 05 January 2013
US regulators are scheduled to finalise implementation rules restricting bank-owned private equity by 18 October, which some sources said could lead to an uptick in sales.
3 min read · 05 January 2013
More limited partners want to form ‘strategic relationships’ that are long-term and involve exposure to multiple strategies, co-founder Steve Schwarzman said during an earnings call this week.
3 min read · 05 January 2013
London-based Hermes, which manages private equity and infrastructure programmes for institutional investors, will open offices in Boston and Singapore in the coming months – in part to capitalise on co-investment opportunities.
2 min read · 05 January 2013
The $65bn pension system earlier this year completed a secondary sale run by Cogent Partners of fund stakes in TPG Capital, Apollo Global Management and Warburg Pincus.
2 min read · 05 January 2013
The $128bn pension system’s private equity portfolio soared in fiscal 2011, according to preliminary numbers.
2 min read · 05 January 2013
The San Francisco-based fund of funds has hired Du Chai, who ran private equity at Northwestern University and was ‘integral’ in expanding the endowment’s emerging markets exposure.
1 min read · 05 January 2013
AXA Private Equity has unveiled a solar energy joint venture with Italian industrial company Tozzi Group. The joint venture builds on a partnership AXA and Tozzi formed in 2007.
2 min read · 05 January 2013
