The UK’s Railpen, Denmark’s PFA pension, and The Indiana Public Employees Retirement Fund were among the limited partners that committed to the fund of funds.
The European venture and growth capital firm behind some of the internet's biggest success stories is banking on high net worth individuals spending more money online on luxury goods.
Graham Packaging, owned by private equity firms Blackstone and Graham Group, has been selected as a takeover target after the Tom Hicks-run SPAC reviewed more than 100 potential deals and tapped into its founder’s relationships with buyout firms.
The fund exceeded its $200m target after six months in the market. It will focus on lower- and mid-market oil field services deals, a niche the firm’s managing partners say is overlooked by other private equity firms making energy plays.
Scott Nuttall, the head of KKR’s financial services group, will also oversee fundraising and broker-dealer activities, while Todd Fisher, co-founder of the firm’s London office, will fill a newly created role of chief administrative officer. Perry Golkin will narrow his investor relations activities.
Two separate reports by Ernst & Young and PricewaterhouseCoopers note that while cheap leverage has vanished and deal volume dropped, private equity’s outlook remains rosy.
A fund led by former Standard Life executives has signed a strategic relationship with USS, a relatively recent entrant to the asset class.
The bank’s private equity arm is the lead investor in an agreed equity purchase in Breitenfeld, a niche steel producer in the Austrian region of Styria.
Jeremy Coller says the slowdown in distributions is forcing investors to focus, and most of them are worried by any strategic drift in GPs’ hunt for deals.
The private equity firm’s latest global buyout fund, targeting an estimated $20bn, now reportedly counts China’s State Administration of Foreign Exchange as a substantial investor.
The European buyout firm has bought a UK pensions annuity business from Phoenix Equity Partner, banking on strong growth rather than leverage to generate a return.
The chairman of socially-minded investment firm Bridges Ventures yesterday won PEI Media’s inaugural Private Equity Leader Award 2008 for his work building Apax Partners and leading the drive behind social entrepreneurship.
The private equity arm of the fallen investment bank is ‘working aggressively’ to set up independent operations.
The publicly listed firm could target as much as €3bn for its first growth capital fund to raise third-party capital.
The European buyout firm is set to take a 25% stake in Evonik, a German state-backed conglomerate that also reportedly interested US mega-firms KKR, Bain and Blackstone.