The publicly listed alternative investment firm will sell Class A shares to repay a portion of its outstanding debt as well as generate working capital that may be used to fund GP contributions to Fortress funds.
Delegates at an emerging markets conference in Washington DC yesterday argued that emerging managers, now more than ever, have a responsibility to the communities in which they invest.
John Herbert, a former managing director of Merrill Lynch’s European property and hotel group, has joined the Italian firm as senior advisor of its €300m fund of funds.
The Cayman Islands-based firm has launched a residential housing fund, with hopes of closing the vehicle by the end of the year. Half the fund is expected to invest in Peru and Colombia. The firm's last fund closed on $42m last year.
Four leading fund investors tell Philip Borel what the global crisis means for private equity, and what the industry must do now to find the right response
Opportunism and careful negotiation have allowed CVC to prove that there's still life at the larger end of the market
As LPs call for greater control over their investments, some are moving into less traditional strategies, including debt origination. New York State Teachers' Retirement System plans to deploy $1bn in 2009 alone. PERE Magazine May 2009 issue
PERE Magazine May 2009: As in the US, placement agents in Europe are feeling the heat. But they are needed now more than ever. By Robin Marriott
Over the past five years, the top 30 private equity real estate firms in the world have raised more than $211 billion -10 percent more than when PERE last counted capital raising efforts by the industry. Read on to discover the firms garnering the most. PERE Magazine May 2009.
France and Germany became founding members and first countries to commit capital to the multinational infrastructure development fund, which is ultimately targeting $10bn of capital that could enable $40bn of projects in emerging markets. Privately-funded projects will be eligible for IFC financing.