Last year the firm raised $10bn for two tandem real estate and distressed investment funds. This year it aims to double the dry powder with two similarly inclined vehicles.
1 min read · 21 January 2013
Blackstone aims to be among the infrastructure mega-funds, having put a pre-marketing target range of $3bn to $5bn on its debut infrastructure fund. Rival KKR is raising $4bn for its maiden infrastructure fund, while Macquarie is seeking $6bn for it second global infrastructure fund and €5bn for its second European infrastructure fund.
1 min read · 21 January 2013
Blackstone Infrastructure Partners, in pre-marketing mode for its debut fund, will seek to raise one of the larger infrastructure funds yet. Last year the firm hired two Macquarie managing directors to head its infrastructure team.
2 min read · 21 January 2013
The New York-based firm is raising $3bn for its financial services-focused fund. TPG and JC Flowers are also looking to invest in the sector.
2 min read · 21 January 2013
Borrowers in cyclical sectors, such as the motor trade, chemicals and the media, are likely to have difficulty restructuring their debt, according to recent data. Recovery rates for European buyout debt are likely to hit their lowest ever.
2 min read · 21 January 2013
The SEC today accused billionaire Allen Stanford, who runs Stanford Financial Group, of fraudulently selling $8bn worth of certificates of deposit, claiming that these securities were backed by liquid assets when in fact they were highly exposed to private equity and real estate.
2 min read · 21 January 2013
US distressed investor Oaktree Capital Management is reportedly interested in rescuing the UK’s largest estate agency from the brink of collapse. Apollo acquired the firm at the height of the UK housing bubble for £1bn.
2 min read · 21 January 2013
The Vietnamese asset management and investment firm plans to begin raising the fund by the end of 2009. It will be Vina’s fifth fund, alongside three UK-listed and one unlisted investment fund the firm manages.
2 min read · 21 January 2013
Dubai International Capital and Dubai Group have been placed into the same holding company, while the debt-laden emirate has also combined back office functions for its three real estate entities.
2 min read · 21 January 2013
The Canadian Pension Plan fell in value by C$13.8 billion to C$108.9 billion in 2008 as investment returns shrank. However according to the plan’s latest figures, its inflation-linked assets continued to grow in value.
1 min read · 21 January 2013
