Private Equity
CalPERS has hired heavyweight talent to develop its infrastructure platform, which may eventually become among the bigger direct players in the market.
4 min read · 05 January 2013
GPs are inreasingly employing non-LBO strategies in the US, including making distressed debt plays and PIPEs, Ernst & Young research has found.
2 min read · 05 January 2013
Cezary Podkul takes a look at CenterPoint’s historic bid for the Port of Virginia, which could unlock a whole new market for infra investors
7 min read · 05 January 2013
The US Attorney in Illinois has charged John Orecchio, the former president of AA Capital Partners, with embezzlement for allegedly using clients’ money for personal expenditures. Orecchio is expected to plead guilty. The now-defunct AA Capital spun-out from ABN AMRO’s Fund Investment Group in 1995.
3 min read · 05 January 2013
The Middle East-backed firm plans to initially invest in China on a deal-by-deal basis, with an eye to raising sector-specific private equity funds in the future.
3 min read · 05 January 2013
Hellman & Friedman will lose Jeffrey Goldstein, a managing director in the firm’s New York office and former World Bank chief, as it continues to close in on $10bn for Fund VII.
2 min read · 05 January 2013
Kevin Carney, a former executive director in JPMorgan’s Infrastructure Advisory team in New York, is among the growing number of infrastructure investment bankers leaving the bulge bracket to pursue advisory activity on a more retail level. He started his own firm, Infrastructure Capital Advisors, in February.
3 min read · 05 January 2013
The Greenwich, Connecticut-based firm has entered into exclusive talks to buy the hotel group, which it would merge with its budget hospitality group, Louvre Hotels. The deal is expected to close on 26 June. Last week, Starwood floated a $500m debt vehicle to target distressed real estate.
2 min read · 05 January 2013
The government wants to make investing in New Zealand simpler, faster and less expensive for foreign investors. It also hopes to prevent issues like those seen in 2007 with CPPIB's bid for Auckland Airport.
3 min read · 05 January 2013
Unicorn Investment Bank's private equity arm has sold a 10% stake in Regional Energy Services, generating a 124% return.
2 min read · 05 January 2013
