The Brazilian private equity firm fell slightly short of its fundraising target, but is ‘bullish’ on its ‘perfect timing’ for acquiring companies at low valuations.
The Seattle savings and loan’s stock price is down 74 percent, spelling a paper loss of more than $1.4bn for TPG.
The Australian development firm is raising its third institutional opportunity fund targeting the east coast of Australia. It is expected to close on A$200m towards the end of the year.
The mega-buyout firm has also closed its distressed financial services fund with roughly $6bn in commitments, and rounded up roughly $4bn for the final close of its Asian fund.
Investors should look beyond ‘volatile’ short-term concerns in Europe and focus on longer-term issues such as economic growth, liquidity and risk-adjusted performance, according to a report by UK real estate fund manager, Invista. Germany, it said, was one of the most attractive locations.
Continued keen interest in Asian private equity on the part of institutional investors has kept fund of funds managers very busy. But as economic growth weakens and capital deployment slows, the future holds some interesting challenges. Siddharth Poddar reports.
The beleaguered Australian infrastructure specialist is reviewing Babcock & Brown Capital, a move that follows its purchase of another satellite fund’s management rights and highlights the difficulties the satellite fund model has faced in the wake of the global credit crisis.
Continued keen interest in Asian private equity on the part of institutional investors has kept fund of funds managers very busy. But as economic growth weakens and capital deployment slows, the future holds some interesting challenges. Siddharth Poddar reports.
In today's secondaries market, many different sellers have many different motivations. By David Snow.
With valuations proving a point of contention between would-be vendors and acquirers, sales of private equity portfolios to secondary buyers have been relatively subdued in recent months. But the need to free up capital means action will have to be taken sooner rather than later - and that's why secondaries specialists believe a highly productive period lies ahead. Andy Thomson reports.