The New York Common Retirement Fund, the third largest in the US, has made public recent commitments to CVC Capital Partners’s recently closed mega-fund and Leichtman Capital Partners mid-market fund, which is targeting $1bn.
1 min read · 22 January 2013
The number of funds targeting less than $1 billion of equity commitments has increased by almost one fifth to 128 in the first quarter of this year, with managers’ focus firmly pointed towards Asian real estate, according to research by New York-based fund of funds Clerestory Capital Partners.
2 min read · 22 January 2013
Indian development firm GMR Infrastructure will purchase AIG’s 50 percent stake in power generation company InterGen, while Ontario Teachers’ will continue to hold the remainder of the company it purchased with AIG in 2005.
2 min read · 22 January 2013
CITIC CapitalLand Business Park Fund has closed on $72.5m, having raised money from domestic Chinese institutional investors. It is the first private equity real estate fund to be denominated in Yuan.
1 min read · 22 January 2013
The US bank is on the fundraising trail again as a previous $1bn vehicle nears completion, according to a report.
1 min read · 22 January 2013
Los Angeles-based CBRE Investors has hired former Bank of America and BlackRock investment pros David Sullivan and Steven Yeh. The duo will join the firm as directors.
1 min read · 22 January 2013
Heitman veteran Harold Schwartz, previously head of Europe acquisitions, will lead the Chicago-based firm’s expansion into the Asia-Pacific region. Schwartz will be based in Tokyo.
1 min read · 22 January 2013
The Seoul High Court has reversed a lower court's decision that convicted the US private equity firm of manipulating the stock price of the credit card division of the Korea Exchange Bank; the decision brings Lone Star one step closer to a $6.3bn sale of its stake to HSBC.
2 min read · 22 January 2013
The mega-buyout firm has revealed its private equity real estate business returned $1.3 billion to investors last year from 38 exits.
3 min read · 22 January 2013
The UK government-backed fund of funds has invested in funds from IDFC, Actis and Kotak.
2 min read · 22 January 2013
