Private Equity
A new strategic partnership between infrastructure fund manager HRL Morrison and New Zealand asset manager Fisher Funds will form a retail infrastructure fund expected to be available to investors early next month.
2 min read · 05 January 2013
CalPERS is on track to be the first LP to publicly endorse the investor-friendly guidelines released by the trade association that represents $1trn of private equity assets.
3 min read · 05 January 2013
The Goldman spin-out's Summit Midstream Partners has bought a 75% stake in a Texas gas gathering pipeline developer from KKR-, TPG- and Goldman-backed Energy Future Holdings.
2 min read · 05 January 2013
Less than a month after takeover talks ceased with Archer Capital, the energy company has received another private equity offer that could be worth more than A$430m.
2 min read · 05 January 2013
Richard Valdes received $38,600 in campaign donations in 2005; much of them tied to placement agent Alfred Villalobos, who since 2006 has secured more than $4bn in CalPERS commitments.
2 min read · 05 January 2013
Fundraising for Asia-focused funds may have stalled, but it has less to do with Asia than it has to with a slowdown in the pace of investments globally, writes Siddharth Poddar.
9 min read · 05 January 2013
The $123.8bn California pension plan took a 50% write-down in its value-added/opportunistic real estate investments in the year to 31 March 2009. The pension has completely written off its equity in some funds, while others are currently reporting IRRs of more than -100%.
2 min read · 05 January 2013
The placement agent has appointed Sheng Lu to head its new Shanghai office.
1 min read · 05 January 2013
After real estate losses constituted the biggest part of the Canadian pension’s $5.7 billion loss for the half-year to 30 June, it has decided to “reposition” its real estate exposure.
2 min read · 05 January 2013
A Capmark bankruptcy could lead to one of the biggest private equity losses ever. KKR, Five Mile Partners and Goldman Sachs invested $2.1bn in equity in the company in 2006.
3 min read · 05 January 2013
