Private Equity

North America

PE-backed Ellen Tracy faces forced bankruptcy request

Asian creditors of the women’s fashion brand are trying to force it into bankruptcy. Ellen Tracy is owned by Wilco Consumer Capital, Radius Partners and Windsong Brands.

2 min read · 05 January 2013

Maguire to hand back four ex-EOP/Blackstone offices

As part of the US REIT’s efforts to reduce its debt load, Maguire Properties is handing over control of seven buildings once valued at more than $1 billion. The properties were bought between 2004 and 2007. LBA Realty is reportedly taking over one asset, Park Place I.

2 min read · 05 January 2013

HOSTPLUS commits A$100m to Partners

The superannuation fund has made its first foray into secondaries with a commitment to Partners Group Secondary Fund 2008, which is targeting €2.5bn.

2 min read · 05 January 2013

Brookfield plots move into third party fundraising

The alternatives firm has hired a rash of heavy-hitting placement professionals and could launch a third party fund placement group as early the first quarter of 2009.

2 min read · 05 January 2013

Charterhouse’s Towne Air completes third bolt-on

The US private equity firm’s air freight business has acquired Texan operator Texas Land and Air.

1 min read · 05 January 2013

Blackstone has $29bn in dry powder

The New York-based investment manager has $12.4bn of capital to deploy to real estate and $14bn for private equity. Announcing its second quarter results, Blackstone wrote down its real estate portfolio by 19 percent.

1 min read · 05 January 2013

Deloitte becomes latest to abandon fund placement

San Francisco-based Probitas Partners has capitalised on the move by hiring two of Deloitte’s former team to bolster its European business.

2 min read · 05 January 2013

IFC mulls South Asian clean energy investment

The institution may commit up to $20m in Global Environment Fund’s South Asia Clean Energy Fund, which aims to raise $200m.

1 min read · 05 January 2013

Blackstone writes down Hilton deal by half

The New York-based private equity real estate firm has reportedly written down its $1.45bn investment in the hotel chain to just $742m as of the end of 2008. It has also written down investments in casino company Harrah's Entertainment and semi-conductor unit Freescale.

2 min read · 05 January 2013

Sequoia to invest $63m in Chinese milk producer

Joining KKR and others already invested in China's dairy sector, the PIPE deal will give Sequoia an 8.7% stake in Beijing-headquartered American Dairy.

2 min read · 05 January 2013

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