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.
The fund has attracted nine investors including National Pension Service and The Korea Teachers Pension to invest in Mirae Asset Life Insurance.
The fund will focus on investments in late-stage solar projects in North America. All of the fund’s investors are publicly listed companies. CleanPath has already made investments worth about $10m.
Amid rumours of Carlyle’s IPO, K2 Advisors would be the Washington, DC firm’s third hedge fund acquisition in the past year.
The industry has about $376bn of uncalled capital that was raised in the peak credit years, an overhang that is driving up prices and could expand as many firms are raising funds this year, according to Cambridge Associates.
The start-up firm run by Ric Lewis has brought forward a first close for Curzon Capital Partners III as it hones in on 5 European deals during a time when spreads between core-plus and value-added yields are at ‘a cyclical high’.
Gulf Credit Partners will launch its debut fund targeting $250m to $300m in September to meet a large demand for leverage, says Gulf CEO Karim El Solh.
The private equity firm continues to diversify its holdings, buying into a hedge fund group six months after its first foray acquisition in the space.
Permira is soon to launch its fifth buyout fund with a target that speaks to a radically changed environment to that of 2006, when it last hit the fundraising trail.