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
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
More than 250 expressions of interest from parties including private equity real estate firms have been received by the collapsed bank’s liquidators for its assts in Asia.
1 min read · 21 January 2013
A management group from Lehman Brothers Venture Partners will spin-out to become Tenaya Capital. The firm will have $750m in capital and 45 portfolio companies and retain all the third-party limited partners from Lehman’s venture funds. A decision on Lehman's real estate operations is expected in the next month.
2 min read · 21 January 2013
Réal Desrochers has ended his 11-year reign as the director of alternative investments at the US' second largest public pension, leaving veteran portfolio managers Margot Wirth and Seth Hall as interim co-directors. Desrochers did not disclose future professional plans in a farewell email sent to friends and colleagues.
4 min read · 21 January 2013
PERE Forum: Asia 2009. Jonathan Brasse reports on the top ten issue that came out of the conference.
3 min read · 21 January 2013
Looming year-end revaluations have put secondary deals on ice – but a $30bn ‘avalanche’ of closable deal flow awaits.
3 min read · 21 January 2013
Hemal Mirani, who recently resigned from HarbourVest's Asian subsidiary, will bolster CVC Asia Pacfic's investor relations.
2 min read · 21 January 2013
The Swiss bank’s CHF599m in private equity write-downs contributed to an overall yearly loss of CHF1.1bn in the asset management division. The bank is overhauling its asset management division to focus more on alternatives.
2 min read · 21 January 2013
Private equity real estate players targeting the US residential sector will have to wait several weeks for details of President Barack Obama’s plans to help homeowners facing foreclosure. Some fear it could prevent the market from finding a natural bottom.
2 min read · 21 January 2013
