The $37bn university endowment will make substantial cutbacks to its private equity portfolio, which one secondary investor calls a 'sophisticated' move to sell before other LPs do the same.
1 min read · 22 January 2013
How much confidence do LPs have in private equity? They’re begging GPs to slash valuations and scrambling to throw more cash at the asset class, writes David Snow.
2 min read · 22 January 2013
Blackstone was the largest buyer of office properties globally between 2003 and mid-2008, according to a new book based on PERE’s list of the top 30 private equity real estate firms in the world. The firm bought more than 159 million square feet of office space during the period totaling $45bn.
2 min read · 22 January 2013
The California-based placement agent, Probitas, also estimates that $21.5bn has been raised for infrastructure in the first nine months of 2008, less than the $34.3bn raised last year.
2 min read · 22 January 2013
Jesús Olmos Clavijo, former CEO of Spanish utility Endesa, will report to Marc Lipschultz, KKR’s global head of energy and infrastructure and work alongside Simon Hipperson, managing director in its European infrastructure team in London.
2 min read · 22 January 2013
Former chiefs of Blockbuster, PepsiCo and Pizza Hut will manage the fund for the Texas mid-market firm.
1 min read · 22 January 2013
Newly launched First Investment Bank is reportedly targeting deals ranging from $50m to $1bn, according to CEO Jamal al-Hazeem. Kuwait-based Gulf Investment House and Boubyan Bank, as well as Abu Dhabi-based Noor Capital, were part of the investor group in the Islamic bank.
1 min read · 22 January 2013
The New York-based private equity firm said one-third of the private companies in its private equity portfolio faced write-downs of some kind, as president Tony James revealed a $68m Q3 private equity loss.
2 min read · 22 January 2013
The New York-based private equity firm said it is waiting for real estate valuations to decline further before beginning to invest the capital. However, Blackstone’s real estate portfolio has been written down by 10% owing to the market turmoil.
2 min read · 22 January 2013
The Los Angeles-based private equity firm has purchased a 17% stake in the Nasdaq-listed organic foods grocer, which has struggled amid cutbacks in consumer spending. Leonard Green is investing from its fifth private equity fund, which closed last year on $5.3bn.
2 min read · 22 January 2013
