Private Equity
The Washington State Investment Board has made $250m in fresh commitments. It has also appointed its chief operator, Theresa Whitmarsh, as acting executive director while the pension looks to replace Joseph Dear, who will become CIO at CalPERS.
1 min read · 05 January 2013
After three prior attempts to initiate takeover discussions with the Toronto Stock Exchange-listed income fund, Borealis Infrastructure, the infrastructure investment arm of OMERS, has finally completed a long-coveted acquisition.
2 min read · 05 January 2013
Last year the firm raised $10bn for two tandem real estate and distressed investment funds. This year it aims to double the dry powder with two similarly inclined vehicles.
1 min read · 05 January 2013
Cerberus, HgCapital, Apollo and Gold Hill are among the GPs to see agreed commitments evaporate as the Pennsylvania Public School Employees' Retirement System retrenches.
2 min read · 05 January 2013
BNP Paribas’s alternative assets arm will take a minority stake in the management company of Northern Lights Ventures and will also commit to one of its funds. The two have teamed to buy stakes in institutional asset managers.
1 min read · 05 January 2013
The SEC today accused billionaire Allen Stanford, who runs Stanford Financial Group, of fraudulently selling $8bn worth of certificates of deposit, claiming that these securities were backed by liquid assets when in fact they were highly exposed to private equity and real estate.
2 min read · 05 January 2013
Following in the footsteps of American Capital and KKR, 3i will de-list its quoted private equity fund. The exercise values the vehicle at £355m, 33% above last week’s closing share price.
3 min read · 05 January 2013
The Financial Accounting Standards Board in the US will improve its guidance on fair value and its disclosure standards, following the Securities and Exchange Commission’s suggestion.
2 min read · 05 January 2013
Taking a majority stake in Pranav Construction marks the firm’s maiden investment from its $125m debut fund.
1 min read · 05 January 2013
The Danish fund of funds manager’s fourth fund has hit its target size. While it will remain open to for further commitments, the firm doesn’t expect the fund to hit its €800m hard cap, given current fundraising climate.
1 min read · 05 January 2013
