The troubled UK lender will no longer provide long-term project finance loans with durations of more than 15 years but it will continue to make such loans of 'appropriate length', according to people familiar with the matter.
4 min read · 21 January 2013
The $28bn national oil fund has canceled commitments to funds including Alinda and Pathway Capital as it tries to re-focus on ‘core’ asset classes amid continuing losses.
2 min read · 21 January 2013
President Obama included language in his budget released yesterday that would tax carried interest as income at 39.6 percent. In other regulatory news, a bill in Congress would also require all advisors to private equity funds to register with the SEC.
3 min read · 21 January 2013
The Obama administration has built into its carried interest tax revenue forecast an expectation that GPs will eventually find ways of avoiding the full impact of the new tax.
1 min read · 21 January 2013
The New York-based private equity firm is sitting on more than $12bn of dry powder for real estate. Reporting a $477.8m fourth quarter loss, Blackstone said it is looking at select investment opportunities while waiting on the sidelines for distressed sellers to come to market in 2010 and later.
2 min read · 21 January 2013
Opportunity funds are not alone in wanting to cherry-pick real estate assets at attractive prices.
2 min read · 21 January 2013
The Danish firm says it wants to take advantage of tumbling property prices in both the direct and indirect real estate markets in the Nordics.
1 min read · 21 January 2013
New York firm SecondMarket says it has attracted more than $500m worth of secondaries for its new LP fund interest trading platform.
2 min read · 21 January 2013
Europe’s private equity industry has submitted a 300-page document to the European Parliament to begin a debate on industry regulation without ‘political colour’. An enforced code of conduct has become a necessary step, according to EVCA secretary general Javier Echarri.
3 min read · 21 January 2013
Former Lehman Brothers investment bankers Michael Meyers and Sean Fitzgerald have joined Macquarie’s private placement team, where they will focus on raising equity for transactions.
1 min read · 21 January 2013
