Private Equity
A survey by Ernst & Young suggests the ability to refinance maturing debt on commercial properties in the next 12 to 18 months is the single most important concern in today’s market.
2 min read · 05 January 2013
Secondary specialist Pomona Capital just closed its seventh secondaries fund on $1.3bn. The firm’s chief executive, Michael Granoff, says the secondaries market has ‘enormous deal flow’ but ‘today the price of getting it wrong is real pain’.
2 min read · 05 January 2013
The $63bn public pension’s council held discussions last week about drafting a request for proposals to hire a secondaries programme manager.
2 min read · 05 January 2013
A consortium led by the firm has revised its earlier proposal to buy Energy Developments at an amended price of A$430m. Should the deal complete it would be Archer's first in the renewable energy sector.
2 min read · 05 January 2013
The US government has selected nine private investment firms, including Oaktree, Invesco and Angelo Gordon, to help take real estate loan-backed securities off banks’ balance sheets.
2 min read · 05 January 2013
As real estate investors go back to cash flow fundamentals, lenders are going one step further in underwriting loans by reviving the debt yield test.
2 min read · 05 January 2013
The asset management giant has stopped fundraising for BlackRock Diversified Private Equity Program IV below its original target of $1bn.
2 min read · 05 January 2013
The financial services-focused firm hired Ken Thompson as a senior advisor. Aquiline has been steadily building up its roster of investment professionals and senior advisors, including last year bringing on former E*TRADE Financial chief executive Mitchell Caplan.
2 min read · 05 January 2013
The private equity firm has purchased 321 single family loans for with a face value of $28m for $4.9m from Cerberus Capital Management-backed GMAC.
1 min read · 05 January 2013
The reported co-investment in China Mengniu Dairy Company alongside China-backed COFCO marks the second private equity investment in a Chinese dairy firm in as many months.
2 min read · 05 January 2013
