Private Equity
The fragile nature of the relationship between firms and public pensions was highlighted recently by two events - an SEC ban on unregistered placement agents, and a controversial speech given by a Blackstone executive. Christopher Witkowsky explores.
3 min read · 05 January 2013
LNR Property will launch a $400m rights offering to recapitalise its business. The firm, the parent company of the largest special servicer in the US, LNR Partners, has engaged Goldman Sachs and Bank of America Merrill Lynch for a new $445m loan which, together with the rights offering, will refinance a $868m senior loan.
2 min read · 05 January 2013
The Nordic alternative asset manager raised €294m for its latest buyout fund, falling short of its €450m target.
2 min read · 05 January 2013
The threat presented by Solvency II should not be underestimated.
4 min read · 05 January 2013
SV Life Sciences and Linden have closed funds totaling some $900m to target a sector bracing for big regulatory changes.
3 min read · 05 January 2013
Apollo and Centerbridge reportedly lost out to Fortress for the US’ second-largest special servicer, which was expected to fetch $200m.
2 min read · 05 January 2013
Charles Eaton says banning unregistered placement agents from doing business with public US institutions is ‘the right decision’.
2 min read · 05 January 2013
In a softening of the original proposal, the SEC has decided to prohibit only unregistered placement agents from soliciting US public pensions on behalf of private investment firms.
2 min read · 05 January 2013
The fund of funds is expanding from its anchor investor to work with up to 12 LPs, according to managing partner Brian Gallagher.
2 min read · 05 January 2013
CalPERS advances efforts to reduce fees, remove middlemen.
2 min read · 05 January 2013
