Private Equity
New York’s Attorney General Andrew Cuomo has indicted Saul Meyer for allegedly making illegal payments to Henry Morris in exchange for business with the $122bn New York State Common Retirement Fund. Cuomo said he will soon pursue other 'manifestations' of corruption in the US public pension investment market.
5 min read · 05 January 2013
LPs must seize current market conditions as a chance to push back on terms and secure better alignment of interests, Joe Dear said at a conference in LA. Fellow panelist Harold Bradley, CIO of the Ewing Marion Kauffman Foundation, lamented 'we are feeding a fee machine'.
2 min read · 05 January 2013
The UK-based buyout house has emerged as the third bidder for ILFC. It is competing with two consortia of private equity bidders for the multi-billion dollar business.
1 min read · 05 January 2013
The former venture unit of telecoms giant Nokia had originally targeted $300m for BRV IV. The fund will make most of its investments in the US and China, where it is looking to expand its investment team.
2 min read · 05 January 2013
Eighteen individuals have joined the bank's ‘asset management institutional distribution team’ – which includes private equity fund placement and will be led from Europe by Remy Kawkabani – at a time when the value of placement agents is being called into question by some of the industry’s most influential players.
2 min read · 05 January 2013
Lower fees, smaller funds and lots of GP communication top LP wish lists, writes Amanda Janis.
3 min read · 05 January 2013
Buyout group Carlyle has, along with GE Equity and Eqvitec Partners, sold its majority interest in a Swedish mobile phone technology company to a German trade buyer.
1 min read · 05 January 2013
The Canadian pension's private equity platform had a negative 32% return last year, which it blamed in part on two Lone Star funds. It also took large hits on its real estate and infrastructure investments.
2 min read · 05 January 2013
SBCVC III’s investors include Starling, Montagu Newhall, Princess and CalPERS.
1 min read · 05 January 2013
Cobalt, which is backed by Riverstone, Goldman Sachs and First Reserve, has tied up with Sonangol, the national oil company of Angola, to let the oil and gas exploration firm access Africa's third largest oil producing nation.
2 min read · 05 January 2013
