The public pension has committed to Carlyle’s fourth Asian growth fund, Welsh Carson’s 11th buyout fund, First Reserve’s 12th energy fund and Clessidra's second Italy-focused fund. Together these four funds are targeting more than $22bn.
The head of alternative assets for UK pension Universities Superannuation Scheme says portfolio write-downs coupled with the denominator effect have made fundraising tough. Yet many GPs saw this coming, and raised plenty of dry powder ahead of the storm, he says.
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If state and local authorities' price expectations aren't met, negotiations with state legislators can prove futile for private infrastructure investors.
The CEO of London-based placement agent MVision says mega-funds may struggle to get commitments next year and must prepare for longer fundraises. He also finds LPs are now allocating up to 20 percent of their private equity programmes to growth-oriented emerging markets.
The German and US alternative investment manager is joining forces with Cukierman & Co, an Israeli investment banking group, to launch a €200m private equity fund. Cukierman is also pursuing hydroelectric infrastructure projects in Georgia.
The managing director of Sydney's Principle Advisory Services, an Australiasian placement agent and advisor, expects factors including the 'denominator effect' and risk perception to decrease the size of re-ups and lenghthen fundraising times. He also thinks Russia- and Brazil-focused funds are in for a tough time.
Existing LPs have committed $3bn toward the latest buyout fund from the MENASA-focused firm, which has just purchased a controlling stake in the Karachi Electric Supply Company for an estimated price of $400m.
The C$52bn Canadian pension plan with an in-house private equity arm has followed in the footsteps of Ontario Teachers’ and the CPPIB by crossing the pond to source deals.
The C$52bn Canadian pension plan with an in-house private equity arm has followed in the footsteps of the Ontario’s Teachers’ Pension Plan and the Canada Pension Plan Investment Board by crossing the pond to source deals.
Permira partner Veronica Eng has said ‘any manager worth its salt’ is taking a hard look at its portfolio companies and carefully broaching new investments amid today’s unprecedented financial climate. Phoenix CFO Steve Darrington, meanwhile, expects unsettled investors to flock to smaller managers.
The Bahrain-headquartered investment firm has hired former Morley Fund managing director and Morgan Stanley executive James Tanner as its placement chief, a role previously filled by retiring Investcorp veteran Zahid Zakiuddin.
The European private equity firm has backed the management buyout of LEXSI, a French provider of IT security services, for an undisclosed amount.
The charitable foundation of Jeremy Coller, founder of UK secondaries firm Coller Capital, has made a ‘multi-million pound’ commitment to help create a private equity education and research institute at London Business School.
The Nordic firm’s turnaround fund purchased Germany’s Pfaff Beteiligungs two years ago, and has since increased sales from $64m to nearly $90m.