Private Equity
The private equity veteran will not apply the standard ‘2-and-20’ fee structure on its infrastructure fund, which is targeting $4bn.
2 min read · 05 January 2013
China’s biggest investment bank and the government-owned asset management firm are reportedly establishing a private equity firm to manage up to RMB 20bn.
1 min read · 05 January 2013
The New York-based distressed investment firm was the ‘highest qualified bidder’ for assets of the iconic US china company. KPS agreed in January to buy assets from fellow bankrupt china and crystal maker Waterford Wedgwood.
1 min read · 05 January 2013
Kleiner Perkins dealmaker John Doerr and Centerbridge co-founder Mark Gallogly are among 16 people who have been chosen to counsel the president on US economic recovery.
2 min read · 05 January 2013
Las Vegas casino operator Station will receive up to $244m from Colony and the Fertitta family, which teamed to buy the company for $8.8bn in 2007. Station has missed a $15m interest payment and is considering filing for Chapter 11 bankruptcy.
2 min read · 05 January 2013
Almost half of the banking giant’s £10.4bn leveraged loan book comprises loans relating to the take-private of Alliance Boots and the AA Saga merger. The bank is holding the loans, rather than selling ‘into an unwilling market’.
2 min read · 05 January 2013
The venture firm has promoted Francis Chen from venture partner to vice chairman and boosted its deal cutting capabilities in China’s cleantech and core technology sectors with four new hires.
2 min read · 05 January 2013
KKR co-founder Henry Kravis has said firms in today’s tough financial climate have to ‘think outside the box’ and adapt strategies to capitalise on current market opportunities or risk being ‘left out’. He was echoed by Apollo chief Leon Black, who likened big take-privates to the extinct dodo bird.
2 min read · 05 January 2013
The firm’s appointment of former Goldman Sachs executive Suzanne Donohoe, who will also oversee capital raising for KKR, continues its recent expansion amid further reductions in staff by many other private equity firms.
2 min read · 05 January 2013
Emerging market funds raised nearly $67bn last year, a 12% rise from 2007 that is due largely to exponential growth in Asia-focused funds. The challenge is convincing Western investors to maintain exposure to markets perceived as 'riskier', according to EMPEA president Sarah Alexander.
3 min read · 05 January 2013
