ICICI Bank, parent company of ICICI Venture, plans to set up its debut fund, stepping onto its private equity arm's terrain for the first time.
1 min read · 22 January 2013
The New York firm has asked Macquarie Securities' Trent Vichie to lead its newly unveiled developed-infrastructure business. Vichie, an Australian national, was instrumental in the Chicago Skyway transaction, a landmark US toll road privatisation.
2 min read · 22 January 2013
Former IBM chief Louis Gerstner will step down as the global private equity and real estate firm’s chairman after five years. He will remain a senior advisor to the firm’s Asia, Europe, Japan and US buyout funds.
2 min read · 22 January 2013
The president of JER Partners, Michael Pralle, argues investing in private equity real estate funds could prove a good fit for Middle Eastern and Asian countries rich with petro-dollars. Private equity real estate, he said, provided a 'middle road' to funds wanting alternatives to direct investing and REITs.
2 min read · 22 January 2013
The $72.3bn US pension joins a raft of North American funds recording losses for the year to June 30. Once again real estate was the best performing asset class returning 8.74%, followed by fixed income and private equity.
2 min read · 22 January 2013
The US’s largest pension fund is to increase its infrastructure allocation to 3 percent, or $8.3 billion, over the next two years.
2 min read · 22 January 2013
As the New York-based private equity real estate firm prepares its European debt fund, it has added additional capital to its US debt vehicle.
1 min read · 22 January 2013
The troubled London investment bank and property investor is putting more than 200 investment properties up for sale. Administrative receiver BDO Stoy Hayward says it has received several hundred enquiries from interested purchasers.
1 min read · 22 January 2013
The private equity-backed company, Mrs Fields Famous Brands, plans to file for Chapter 11 as declining consumer spending in the US takes its toll. The shopping mall-centred company's Mrs Fields and TCBY franchise stores have suffered closures since 2004.
2 min read · 22 January 2013
Carlyle, General Atlantic, Hellman & Friedman and Blackstone have been reported as potential buyers of Lehman Brothers divisions including its private equity arm, as the beleaguered investment bank looks to shore up its balance sheet.
2 min read · 22 January 2013
