Charlie Bott, chairman of Goldman’s European financial sponsors group, is regarded as the first private equity-dedicated banker. He is replaced by John Waldron, previously co-head of leveraged finance.
The $147bn pension has responded to the denominator effect by increasing the amount it is allowed to invest in private equity to 15% of total assets. CalSTRS has similarly bumped its real estate allocation.
The $147bn pension has responded to the denominator effect by increasing the amount it is allowed to invest in private equity to 15% of total assets. CalSTRS has similarly bumped its real estate allocation.
When Barack Obama is sworn into the White House in 2009, private equity firms can expect some changes, among them likely increases to capital gains and carried interest taxation. However, his election also could prompt a greater willingness by overseas investors to invest in the US.
Since most Central and Eastern Europe funds are denominated in Euros, it is unlikely that many new deals will be signed until the present currency volatility has abated, writes Joanna James.
The Vietnam real estate investment firm says it plans to launch a $400m property fund at the end of January next year, according to reports, arguing the wind has been taken ‘out of the sails’ of property developers in the country.
The Vietnam real estate investment firm says it plans to launch a $400m property fund at the end of January next year, according to reports, arguing the wind has been taken ‘out of the sails’ of property developers in the country.
Though the results reflect a slowed investment pace constrained by bank lending, the listed infrastructure fund headlined £50.3m in profits. Managing partner Michael Queen said 3i Infrastructure wants to be part of a Gatwick Airport deal.
The San Francisco- and Hong Kong-based firm has closed its second fund $100m higher than its initial target, but slightly shy of the $1bn close anticipated. The fund will focus on fund investments in China, Japan, Korea and India.
Amid $649m in third quarter write-downs for KPE – the largest related to a co-investment in the $45bn TXU buyout – the private equity firm has said the restructuring of the Euronext-listed vehicle will come next year.