Carlyle had reportedly been in talks to acquire the New Jersey-based energy-focused firm, which closed its $4.3bn second fund in 2010.
For the first time since the credit crisis, Aberdeen Asset Management has launched an Asia Pacific fund of funds vehicle, seeking out a range of strategies from core to opportunistic and targeting returns between 13 and 17 percent per year.
The $154bn pension system will also work to decrease holdings in opportunistic and value-add investments and reduce leverage in the portfolio.
The real estate arm of Aberdeen Asset Management is looking to Sweden as the first in a country-by-country series of funds investing in residential property.
One year on from floating its management company and 35 years after its founding, Kohlberg Kravis Roberts continues to aggressively expand and refine its franchise. In a rare in-depth interview, co-founder George Roberts discusses both the firm’s and private equity’s ongoing evolution as they move past credit crisis ‘hiccups’ and closer to maturity.
A wave of incoming regulations is helping fuel activity in the secondaries market, which for some GPs means big compliance headaches.
With Denmark’s banking system in disarray, Icelandic subsidiaries grinding out sales and pockets of localised distress in Sweden, the Nordic countries are no longer just about being a safe haven. PERE magazine July,August 2011 issue.
Despite numerous firms formed in the private equity real estate space over the past several years, only a handful are likely to make it and even fewer will become big players. PERE Magazine, July/August 2011 issue.
Lone Star sees its second real estate mega-fund exceed expectations as it works with its existing LPs to accommodate some delayed commitments. PERE Magazine July/August 2011 issue.
Philippe Maystadt, the president of the European Investment Bank, revealed in an exclusive interview that he would like to test the bank’s initiative to credit-enhance private sector infrastructure bonds before its scheduled launch date of 2014.