Private Equity
Gavin Wilson, a London-based Goldman Sachs executive, has been named IFC Asset Management Company’s first chief executive officer.
2 min read · 05 January 2013
The global mid-market firm has done Brazil’s biggest private equity deal this year with the purchase of a 30% stake in CETIP, the largest central depository for private fixed income securities and over-the-counter derivatives in Latin America.
2 min read · 05 January 2013
A reported 6% stake sale by Bank of America in China Construction Bank has allowed Temasek to increase its 5.6% stake. For Hopu, it marks its second investment in a Chinese bank this year.
2 min read · 05 January 2013
Carlyle has backed a new code that assumes placement agents are prone to ‘Boss Tweed’ inclinations, writes David Snow
2 min read · 05 January 2013
Ford Fraker will augment the firm’s network and relationships in the Middle East, where KKR began operations last year. He remains a shareholder in Trinity Group, a London-based investment bank and placement agent he co-founded in 1996.
1 min read · 05 January 2013
The new private equity firm will be among the lucky few to have a fresh pile of 'dry powder', managing director and former NFL football star Steve Young told a conference crowd in Las Vegas. Huntsman Gay was formed by Utah industrialist Jon Huntsman and former Bain managing director Robert Gay.
1 min read · 05 January 2013
Oregon Investment Council has been asked by the New York-based investment firm to invest additional equity into its Gagfah deal, as it looks to pay down debt on the German residential property company. Fortress went to its LPs rather than go to 'outside sources'.
1 min read · 05 January 2013
The switch from a vehicle fuel tax to a vehicle miles traveled tax would be complemented by a range of financing mechanisms like expansion of the TIFIA credit program and more support for PPPs, according to the National Surface Transportation Infrastructure Financing Commission’s final report to Congress.
3 min read · 05 January 2013
The inspector general of the US Pension Benefit Guarantee Corporation said it has found improper communications between the agency’s former director, Charles Millard, and investment firms bidding for contracts to manage the agency’s $2.5bn allocation to private equity and real estate. US Congress is now investigating the issue.
2 min read · 05 January 2013
Speaking before a major dealmaking conference in Las Vegas, the energy investor also predicted higher oil prices by the end of the year.
1 min read · 05 January 2013
