Private Equity

North America

How fashions have changed

From the golden age to the age of pragmatism: private equity is an industry with evolving strategic priorities. PEI looks at how tastes have altered in five key respects.

10 min read · 05 January 2013

Importance of Aderans over-played

Japanese private equity practitioners do not share the view that the recent victory of US activist fund Steel Partners marks a turning point.

2 min read · 05 January 2013

Foreign firms ‘wait and see’ on new China rules

Take up of the pilot policy to allow foreign ‘equity investment management enterprises’ in the Shanghai New Pudong Area has been low.

2 min read · 05 January 2013

KKR, GA seal $1.65bn Northrop Grumman carve-out

CPPIB's credit arm, as well as KKR Capital Markets and four others, will provide financing for the purchase of government engineering consultancy TASC.

2 min read · 05 January 2013

Cerberus spin-out seeks $400m

Michael Green, a former member of the Cerberus investment committee, is leading a six-strong team at Tenex Capital Management.

1 min read · 05 January 2013

OMERS in move to reduce external managers

The Canadian pension’s goal is to shift its private equity portfolio to 80% direct investments from the current 35%. The pension has been a direct investor in infrastructure and real estate for many years through its Borealis Infrastructure and Oxford Properties direct investment teams.

3 min read · 05 January 2013

Adveq: The private equity world is tri-polar

The key markets of Asia, the US and Europe have diverged in their rationales for investment and must be evaluated independently, according to the fund of funds manager.

2 min read · 05 January 2013

NY Common sticks with PE amid scandal investigation

The pension’s $200m commitment to Hellman & Friedman, is evidence that it plans to continue to back private equity funds despite an ongoing pay-to-play investigation.

2 min read · 05 January 2013

OMERS appoints new chief investment officer

Michael Latimer was previously chief executive of the Canadian pension’s real estate arm, Oxford Properties. The appointment will allow the C$44bn fund’s CEO, Michael Nobrega, to focus on creating a multi-billion dollar 'alliance' to target large scale infrastructure and real estate assets.

2 min read · 05 January 2013

American Capital reaches tentative deal with lenders

The BDC, which has been in default on $2.4bn in debt for months, has a preliminary deal with lenders to push back maturities on its debt to 2013.

3 min read · 05 January 2013

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