The Korean buyout firm has acquired a 30.7% stake in BC Card and is looking to acquire a controlling stake in the company by the end of the year.
HarbourVest Partners, the Boston-based mainstay of private equity, has witnessed some major ups and downs in almost three decades of involvement in the asset class. Brooks Zug (above), Martha Vorlicek (right) and John Toomey (above right) met with Christopher Witkowsky to explain the firm's philosophy, its views on terms and conditions, and its belief that a scaled-down industry means scaled-up returns
The two real estate fund managers are turning to the public markets to raise capital for their next debt vehicles. Brookfield Realty Capital Corp. and Marathon Real Estate Mortgage Trust are targeting $500m and $300m respectively.
The London-based property fund manager is reportedly targeting the British real estate market with its UK Value Fund. The firm has raised £90m to date.
The $123.8bn California pension plan took a 50% write-down in its value-added/opportunistic real estate investments in the year to 31 March 2009. The pension has completely written off its equity in some funds, while others are currently reporting IRRs of more than -100%.
Fundraising for Asia-focused funds may have stalled, but it has less to do with Asia than it has to with a slowdown in the pace of investments globally, writes Siddharth Poddar.
CD&R and One Equity Partners have become the latest private equity firms to dip their toes in the public markets.
The listed fund of funds surpassed its target, selling shares at or above its current stock price.
One of the few Indian companies raising an infrastructure fund that is not a banking conglomerate said it was aiming to raise hundreds of millions of dollars to invest in the sector.
The New York-based alternative investment firm revealed it has closed on a deal to buy 1,200 home loans from Lehman Brothers’ Asia subsidiaries for its first ever Asia-focused fund.