Private Equity
The $97bn pension, which has seen the value of its assets plunge by about $30bn since last summer, increased its upper limit allocation ceiling to the asset class to 7 percent from 5 percent in December to alleviate over-weighting.
1 min read · 05 January 2013
Former Morgan Stanley veteran Dag Strømme has left Herkules Capital after just two years as a partner at the Nordic private equity firm.
1 min read · 05 January 2013
KKR has acquired five co-investments worth $211m, including hospital group HCA, from its listed Euronext affiliate, which it is winding down and will de-list. The absorption of KPE’s assets was last year described as a key element preceding the firm’s NYSE flotation, though KKR has said it is rethinking its IPO plans.
2 min read · 05 January 2013
Former Lehman Brothers investment bankers Michael Meyers and Sean Fitzgerald have joined Macquarie’s private placement team, where they will focus on raising equity for transactions.
1 min read · 05 January 2013
The fund’s official target is $600m, but its GPs are shooting for a more modest $400m in the current environment. The group's first cleantech fund of funds closed on $200m in 2007.
1 min read · 05 January 2013
Headed by Hong Kong-based managing director Philip Jackson, the Asian Infrastructure & Related Resources Opportunity fund is ultimately targeting $1.5bn in commitments for opportunities in China, India and other Southeastern Asian countries.
1 min read · 05 January 2013
The US radio and advertising company, which was purchased by Bain Capital Partners and TH Lee last year in a $17.9bn deal, had its rating fall to deeply speculative territory, with Moody’s warning of default.
2 min read · 05 January 2013
The mega-firm, which took Realogy private in a 2007 deal valued at $8.5bn, has agreed to financially support its real estate brokerage platform to help it meet its debt obligations and avoid default for at least the next 12 months.
2 min read · 05 January 2013
The Chinese brokerage house and the US boutique investment bank are teaming up as CSI Partners to raise $500m for a China-focused growth capital fund. Former Bear Stearns Asia chairman Donald Tang will lead the firm, which will also advise on cross-border M&A.
2 min read · 05 January 2013
The $153bn New York State Common Retirement Fund is planning to invest at least $30m in the emerging Northern Ireland economy, with two deals expected to be announced within the next few weeks.
2 min read · 05 January 2013
