The PCG spin-out has hired another ex-PCG executive, Stephen Moseley, who will establish the advisory group’s New York office and lead co-investment activities.
The public pension has set policies for three of the four components making up its inflation-linked asset class, but said infrastructure policy will be considered later as it is the ‘most complex’.
The public pension has set criteria for three of the four components making up its inflation-linked asset class, but said infrastructure policy will be considered later as it is the ‘most complex’.
The highly anticipated secondary market sell-off of a portion of CalPERS’ massive private equity portfolio has begun, with publicly traded Conversus acquiring $200 million in mostly special-situation fund interests. Oak Hill and three other firms also purchased fund interests, details of which remain opaque even to secondary market insiders.
Despite the slowed LBO market, US pension funds’ private equity appetites are as voracious as ever. Megafunds, mid-market specialists, distressed vehicles, and European and Asia-focussed funds are among the latest recipients of fund commitments.
Investcorp capitalises on investor appetite for growth buyouts as credit markets close the door on mega deals for now.
The co-investment firm is looking for extra exposure to the UK and European mid-market, which has proved popular with investors and managers alike.
The 3-year old firm has closed the largest-ever private equity vehicle raised by a Utah-based buyout firm – though without participation of two founding managing directors, including former American football star Steve Young.
As the year draws to a close PEO's team has pulled out its crystal ball to take a view on 10 of the themes that will occupy the industry in 2008.
The largest US pension fund has approved an increase to private equity, which will now be allocated 10 percent of CalPERS’ $250 billion portfolio.
The largest US pension fund has approved an increase to the asset class, which will now be allocated 10 percent of CalPERS’ $250bn portfolio.
Arif Naqvi, Abraaj Capital's chief executive, is looking forward to 2008 and continuing to invest in the development of the Middle East, North Africa and South Asia region’s basic building blocks.
As rival Citi enhances its alternatives platform with the addition of Morgan Stanley spinout Metalmark, Morgan Stanley continues its renewed private equity push with the hire of two buyout professionals.
The private equity firm has agreed to buy $500 million in common shares of MBIA Insurance, and has backstopped an additional $500 million for a shareholder rights offering to be held in the first quarter of 2008.
Bahrain’s Ithmaar Bank, Shamil Bank and the Islamic Investment Company have held a first close on their mutli-strategy private equity fund targeting $500 million.