Pacific Alliance Group is to purchase $46 million in convertible bonds from Secured Capital Japan, as well as forming a strategic alliance with the Tokyo-based investment manager to purchase assets and distressed debt in Japan and China.
1 min read · 21 January 2013
The secondaries advisor and placement agent has been approaching large investors about a vehicle that allows clients to 'share' capital calls with cash-strapped LPs.
2 min read · 21 January 2013
A recent poll of institutional and private investors has revealed that a number of participants are scaling back their private equity commitments and planning to stay out of the market for the near term.
1 min read · 21 January 2013
Russian steelmaker Novolipetsk Steel will pay the buyout firm less than half the maximum possible damages for withdrawing from the $3.53bn acquisition of John Maneely, a deal struck last August.
2 min read · 21 January 2013
After struggling to secure financing for its equity fund, LRG Capital Real Estate Fund I, the Larkspur, California-based private equity real estate firm decided to launch its own debt origination vehicle.
2 min read · 21 January 2013
A recent poll of institutional and private investors has revealed that a number of participants are scaling back their commitments to alternatives and planning to stay out of the market for the near term.
1 min read · 21 January 2013
Natixis Capital Partners has closed its third fund on €420m for investment into corporate real estate in Benelux, France, Germany, Italy and Spain.
1 min read · 21 January 2013
The $97bn pension, which has seen the value of its assets plunge by about $30bn since last summer, increased its upper limit allocation ceiling to the asset class to 7 percent from 5 percent in December to alleviate over-weighting.
1 min read · 21 January 2013
The private equity firm, which took the real estate broker private in a 2007 deal valued at $8.5bn, has agreed to financially support the company to help it meet its debt obligations and avoid default for at least the next 12 months.
2 min read · 21 January 2013
The secondary real estate fund unit market has picked up over the last 12 months, accounting for €1.1bn in transactions. With a further €230m of secondary trades in the pipeline, the market is set to continue as funds face cash calls from investors.
1 min read · 21 January 2013
