The $850m Chicago Firemen’s Annuity and Benefit Fund will make a third secondaries investment by the end of the month.
1 min read · 22 January 2013
A management group from Lehman Brothers beat out a $2.15bn bid from Bain Capital and Hellman & Friedman for the bank's investment management division, which includes infrastructure and some private equity businesses.
2 min read · 22 January 2013
Senior partner Lee Neibart explains the firm’s decision to change its name to AREA Property Partners in an interview with PERE magazine and where its focus will be in the future.
2 min read · 22 January 2013
The global buyout firm had objected to the $2.15bn bid submitted by Bain Capital and Hellman & Friedman and said the bankruptcy auction process was driving away alternative bidders.
1 min read · 22 January 2013
The emerging markets-focused firm has already invested 12% of the fund, which will limit its use of leverage to deals in South Africa and Southeast Asia.
2 min read · 22 January 2013
The European private equity real estate group will raise a fund of funds focused on retail, commercial and residential developments in second and third tier cities in India and China. ING hopes to hold a $250 million first close early 2009.
1 min read · 22 January 2013
The Washington DC-based private equity giant has invested in China’s education sector, in a week that has also seen the firm close its Warsaw office and Sydney-based Asian leveraged finance group.
1 min read · 22 January 2013
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
2 min read · 22 January 2013
Hong Kong real estate investment manager Gaw, formerly Gateway Capital, is planning to raise a third fund for China. The firm is planning to develop middle-class and mass market residential property in secondary cities in the country.
1 min read · 22 January 2013
Marcus Shepherd, former European chief financial officer for Australian fund manager Valad Property Group, is joining the firm in January.
1 min read · 22 January 2013
