Private investors are abandoning road and rail building partnerships in Russia after the Duma slashed its transport infrastructure budget by 90%
Euronext-listed fund of funds Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners and will help its bankrupt parent company unload 14.5 million shares in secondary transactions beginning in mid-2010.
Natixis Capital Partners has closed its third fund on €420m for investment into corporate real estate in Benelux, France, Germany, Italy and Spain.
Fresh from raising nearly €1bn for its eighth mid-cap fund, the French private equity firm is aligning itself to take advantage of market dislocation. It is also raising its third small-cap fund.
The Bridgeport, Connecticut-based People's United Bank has agreed a $35 million, three-year refinancing with opportunistic investor Talcott Realty. The loan is backed by the office property One Financial Plaza in Hartford.
The European venture firm collected commitments from LPs in just three months for its latest early stage fund. It is the same size as its 2007 predecessor, which has been nearly fully deployed alongside a growth capital fund.
The UK buyout house has booked a €1.3bn impairment – half the value of the equity investment – on the 2007 deal. It will also return €80m of carry to investors, because according to chief executive Guy Hands, 'our investors have suffered and therefore our rewards should suffer'.
Richard Cotton, a 13-year stalwart of real estate investment banking at JP Morgan Cazenove in London is leaving to join Greenwich-based Forum Partners.
The New York-based infrastructure fund manager will pay $526.5m in cash for a 50% stake in the Haynesville Expansion joint venture, which is being sponsored by midstream energy partnership Regency Energy Partners.
An otherwise flagging 2008 fundraising market was invigorated by high demand for Asian funds, according to proprietary data from PERE. PERE Magazine March 2009 issue