The firm, in which TPG Capital owns a 5% stake, beat its $800m target and closed on $997m. The fund is one of a number of distressed vehicles focusing on opportunities in both the US and Europe.
As the exit market continues to be challenging, dividend recaps remain a tempting exit option for private equity firms. Loan volume for dividend recaps is now the highest since 2007, according to research.
Walbrook Capital, a London private investment firm started by former Barclays Capital bankers, has acquired a minority stake in Ireland’s National Asset Management Agency from shareholder, Irish Life.
Longtime Sankaty LP University of Michigan has committed $40m to the Bain credit affiliate’s latest offering, which is targeting $3.5bn.
A five-strong banking group has replaced previous financing which was put in place in 2005. The UK's Bristol Airport is owned by Macquarie European Infrastructure Fund and Ontario Teachers Pension Plan.
A second Ferrovial and Sacyr-managed concession - the AP36 Ocana-La Roda - has gone bust, following last month's bankruptcy of Madrid's R4 ring road. It is the third Spanish road to start Chapter 11 proceedings.
LeapFrog's David Steel discusses the firm's approach to Indonesia and the Philippines, where it aims to make investments with both financial and social benefits.
The pension has approved a $90m commitment to GSO Capital Solutions II, which will provide capital to companies need financial support.
Following the record $13.3bn close for its global real estate opportunity fund, the New York-based private equity and real estate giant is now targeting another major real estate capital raise, this time in the debt arena.
Oxford University Endowment Management CIO Sandra Robertson told delegates at the BVCA Summit in London that private equity returns have been 'disappointing'.