The new fund will seek up to $500m in commitments and will provide debt financing in special situation transactions.
The proceeds from the new fundraising will be used to buy nine operational PPP projects from John Laing, increase a stake in an existing project, and reduce the fund’s debt. The fund is also in negotiations to acquire a ‘small portfolio of third-party social infrastructure assets’.
The UK-listed firm has hired leveraged finance veteran Rob Reynolds to lead its credit-focused fund.
As distressed investment managers around the globe prepare for opportunities in the sinking markets, PAG has closed its first-ever distressed fund for Asian assets from distressed sellers.
As distressed investment managers around the globe prepare for opportunities in the sinking markets, PAG has closed its first-ever distressed fund for Asian assets from distressed sellers.
The firm is targeting $1.5bn to invest in non-performing loans and distressed-for-control situations. The fund will be run by former Goldman executive Alan Waxman.
The firm is targeting $1.5bn to invest in non-performing loans and distressed-for-control situations. The fund will be run by former Goldman executive Alan Waxman.
The emerging Los Angeles-based fund manager has launched a fund targeting mixed-use properties in Southern California.
The Washington, DC behemoth is to join the ranks of KKR, The Blackstone Group and Apollo Global Management via an initial public offering.
The New York private equity firm has set up a five- year fund with Sino-Ocean Land into which both parties are putting $70m.