The firm has hired Aaron Nieman to build an event-driven hedge fund platform targeting the Asia-Pacific region.
Financial sponsors negotiating block purchases of opportunity loans from banks are being provided with discounted financing. In return for the cheap financing the selling banks are asking for more than the book price of their loans.
The debt investment arm of Kohlberg Kravis Roberts is looking to buy loans related to the Alliance Boots buyout. The syndicating banks are considering providing discounted loans to back the debt sale.
The troubled monoline insurer had losses largely related to derivative write-downs. The public markets responded positively to the results with the shares rising 6.4 percent.
The alternative asset manager’s blank cheque vehicle, formed last June, has purchased power plant operator Complete Energy Holdings, a TCW portfolio company.
The fund management arm of the British property group, owned by the Duke of Westminster, is set to make its first investment from its Grosvenor Residential Investment Partners fund, which closed last year on $100m.
The fund management arm of the British property group, owned by the Duke of Westminster, is set to make its first investment from its Grosvenor Residential Investment Partners fund, which closed last year on $100m.
The Westport, Connecticut-based firm looks to the emerging markets and US distressed opportunities as it raises its second real estate vehicle, WCP II.
The California pension has also reported commitments to Advent, Audax and Huntsman Gay.
SG Capital Europe and Quartus are enjoying an exit after just two years, as DruckChemie looks to strong growth in the stagnant printing sector. It was 3i's third deal this week.