Amanda Janis
The energy-focussed private equity firm has nearly doubled the size of its previous fund in a three month period that involved ‘very little proactive marketing’.
The energy-focussed private equity firm has nearly doubled the size of its previous fund in a three month period that involved ‘very little proactive marketing’.
Good companies with bad balance sheets and strategies outside the LBO box provide opportunities galore, said firm co-founder Leon Black at the Milken Institute's ongoing conference in Los Angeles.
The buyout firm blew the whistle on a former Wall Street trader who has settled an SEC lawsuit alleging he spread false rumours about Blackstone’s Alliance Data deal.
Russell Read looks to become an environmental rainmaker after a two-year stint at the $244bn US pension.
The US firm finds its $700m fund already oversubscribed after just a few weeks in the market. Meanwhile, $16.8bn in debt tied to its BCE deal is reportedly among the LBO loans lenders hope to sell to buyout firms.
The Fiscal Policy Institute estimates a 2 percent tax on carry would produce annual revenues of $160m to $200m – figures budget-conscious legislators aren’t likely to miss.
The country’s private equity industry is helping the region close the gap between Latin America and Asia, market participants said yesterday at an ABVCAP conference in Rio de Janeiro.
The publicly listed KKR affiliate has agreed to swap $3.5 billion in debt for assets with its asset-backed commercial paper issuers. It will also sell a controlling interest in its REIT subsidiary to Rock Capital 2 and has proposed a rights offering of 20 million shares for ‘general corporate purposes’.
If the buyout boom has gone bust, why are GPs seeking some $615 billion in fresh powder? asks Amanda Janis.