How are LPs in the West approaching the Chinese market? Jennifer Harris tests the waters.
The continuing flow of capital that is being attracted by even the larger private equity funds appears to have put paid to any notion that investors in the asset class would opt out at a time when market conditions have become more challenging. However, the jury is out on whether the fundraising momentum will be sustained once the effects of any downturn can be more clearly seen. Andy Thomson reports.
Wendel Investissement's smooth journey from holding company to global private equity firm has become a little bumpier.
The fear factor
The firm has invested or committed most of the funds it raised in its initial public offering in April last year, ahead of its two year target to invest the money.
The private equity firm’s ninth real estate fund – the largest ever private equity real estate fund raised – will take advantage of current market dislocation.
The publicly listed KKR affiliate has agreed to swap $3.5 billion in debt for assets with its asset-backed commercial paper issuers. It will also sell a controlling interest in its REIT subsidiary to Rock Capital 2 and has proposed a rights offering of 20 million shares for ‘general corporate purposes’.
The Swiss alternative asset manager‘s executive chairman Alfred Gantner said 'the time is back when you’ve got to invest'.
The Swiss alternative asset manager‘s executive chairman Alfred Gantner said 'the time is back when you’ve got to invest'.
Having come close to its €4 billion target, the European buyout firm is looking to wrap up fundraising by May.