Private Equity
The quoted investment manager suffered a net loss for the first time in its history, due largely to hedge fund positions. Its private equity portfolio is 'in better shape' than many competitors, chief executive Nemir Kirdar has said.
2 min read · 05 January 2013
The New York-based firm is raising $3bn for its financial services-focused fund. TPG and JC Flowers are also looking to invest in the sector.
2 min read · 05 January 2013
The venture capital arm of German technology firm Siemens has raised almost half of its $200m target.
1 min read · 05 January 2013
The publicly traded alternatives manager reportedly cut around 100 jobs towards the end of 2008, as its share price was hitting an all-time low.
1 min read · 05 January 2013
The only satellite radio provider in the US is struggling under a $3.2bn debt load. Apollo first invested in Sirius in 1998 and retains a 2.6% stake.
2 min read · 05 January 2013
The New York firm has asked Trent Vichie of Macquarie Securities to lead Blackstone’s newly unveiled developed-infrastructure business. Vichie, an Australian national, was instrumental in the Chicago Skyway transaction, a landmark US toll road privatization.
2 min read · 05 January 2013
A study released today has found private equity-controlled firms are 2% more productive and have 72% more effective management than their government, family or privately owned equivalents. Harvard Business School professor Josh Lerner also said that private equity-backed firms ‘come out on top’ during recessions.
3 min read · 05 January 2013
The private equity firm, which manages fashion brands Bench and Hooch, is re-distributing its consumer and leisure investment team. HgCapital is also to close its Amsterdam office.
2 min read · 05 January 2013
The UK government-backed fund of funds has taken on ex-Unilever executive Shonaid Jemmett-Page in the new role.
2 min read · 05 January 2013
Blackstone aims to be among the infrastructure mega-funds, having put a pre-marketing target range of $3bn to $5bn on its debut infrastructure fund. Rival KKR is raising $4bn for its maiden infrastructure fund, while Macquarie is seeking $6bn for its second global fund.
1 min read · 05 January 2013
