A survey conducted at PEI Media’s annual CFO and COO Forum in New York also revealed that one in 10 firms have recently experienced a defaulting limited partner.
1 min read · 21 January 2013
Joseph Dear, former executive director of the Washington State Investment Board, will become CIO of the US' largest public pension plan following the departure of Russell Read last June. The hire puts an end to speculation that the CIO role would be filled by Carlyle venture veteran Bob Grady.
2 min read · 21 January 2013
The distressed buyout firm’s acquisition of nearly 70% of First Bank & Trust could lead to further banking asset purchases in the future.
1 min read · 21 January 2013
Unpredictable capital flows and managers often relying on minority stakes are two reasons why the banking giant’s private equity group will only increase exposure to emerging markets private equity at ‘a measured pace’.
2 min read · 21 January 2013
Launched in the beginning of 2008, the Standard Chartered IL&FS Asia Infrastructure Growth Fund is seeking a $1bn final close later this year.
1 min read · 21 January 2013
A Bilfinger Berger-led consortium was awarded the contract to design, build, finance and operate an 11km section of the country’s M80 motorway.
1 min read · 21 January 2013
Global Infrastructure Partners and a consortium consisting of Citi Infrastructure Investors, Vancouver Airport Services and John Hancock Life Insurance have emerged among the bidders for the UK’s second-busiest airport. The sale is expected to achieve a 'significant premium' to its £1.7bn reserve.
3 min read · 21 January 2013
Infrastructure and renewable energy are the hot sectors right now for private equity firms, but US President Barack Obama's plans for the sectors will determine how attractive they remain to private investors.
2 min read · 21 January 2013
The German commercial real estate lender, partially owned by private equity firms JC Flowers and Grove International, has drawn down on €42bn of guarantees from the German government.
1 min read · 21 January 2013
The real estate arm of the sovereign wealth fund has sold a stake in the Centre International de Conferences, to HongKong and Shanghai Hotels for €100m. The centre will be redeveloped into the Peninsula Hotel.
1 min read · 21 January 2013
