Global Capital Management, a subsidiary of Kuwaiti investment bank Global Investment House, has held a first close on its MENA fund with more than $500 million in commitments.
Bill Richardson is the latest Democratic Presidential candidate to join the carried interest debate on Capitol Hill – but unlike his peers, he does not endorse the tax-raising proposals carte blanche.
Weeks after opening a Romanian office and co-launching a €150m fund of funds, the Icelandic investment bank has reportedly said it will partner with Nikhil Gandhi’s Sea King Infrastructure on a $500 million private equity fund.
Following private placements with Apollo and Carlyle, the sovereign wealth fund has inked a deal for a 4.9 percent stake in Citi, whose alternatives arm manages nearly $62 billion.
While the credit markets have placed many private equity deals on hold, the ability of investors from the Middle East to deploy capital appears undiminished.
The Washington State Investment Board has said private equity outperforms ‘traditional investments’ and upped its allocation target for the asset class to 25 percent. The US pension also created a 5 percent allocation for ‘tangible assets’, which include infrastructure investments.
Actis has partially sold energy company Globeleq while retaining the company’s sub-Saharan assets and its global pipeline of projects. Actis has managed Globeleq for emerging markets firm CDC.
3i Infrastructure is investing ahead of schedule and looks set to outperform return expectations. Separately its largest shareholder 3i Group exited a Finnish data services company with a six times return over three and a half years.
Hedge fund managers are rubbing their hands at the prospect of a rapid increase in loan-to-own opportunities as covenant breaches are predicted to rise, according to the latest research.
The Brazilian private equity firm will invest $136 million in Laboratório Americano de Farmacoterapia, a Brazilian pharmaceutical company.
The UK mid-market firm Inflexion is looking for growth organically and through acqusitions from its investment in a UK telephony services provider.
Two Macquarie funds are set to invest an undisclosed amount in Universal Weather and Aviation, a Texas-based service provider to the business aviation industry.
Sir David Walker has spoken out against demands for separate legislation of private equity and has defended his decision to give UK industry group the BVCA the responsibility of enforcing his proposed code of conduct.
Dubai Financial Group has bought rival Middle Eastern firm Abraaj Capital’s minority stake in Egyptian bank EFG-Hermes for $1.1 billion.
In the latest example of a private equity firm acquiring a Canadian income trust following a change to Canada's tax policy, Sentinel will pay $57 million to reacquire yarn company Spinrite.