The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
The $288 billion National Pension Service of Korea is poised to commit $300m to Blackstone’s latest opportunity fund as part of a strategy to increase its exposure to higher return investments. A beauty parade to select two more opportunity funds is expected to follow.
Korea's $288bn national pension is poised to commit $300m to Blackstone’s latest real estate fund as part of a strategy to increase its exposure to higher return investments.
The Rohatyn Group has acquired a 60% stake in mid-market infrastructure private equity firm CapAsia, which focuses solely on non-BRIC emerging Asia. CapAsia has over $400m of assets under management.
Private equity groups are grappling with the issue of how to extend existing loans and source new ones in a macroeconomic environment that changes from week to week
The $234bn retirement system’s 2012 roadmap includes plans to engage the secondary market and develop a co-investment and managed accounts programme.
After building a historic $3bn customised relationship with the Texas Teachers’ Retirement System, the firm is talking to institutions around the world about similar opportunities.
The firm has expanded its LP base from 275 to 400 in an effort to expand beyond its private equity roots, which includes real estate.
At a time of growing interest in offshore RMB-denominated funds, HSBC is adding talent to its London ranks as a way of capitalising on the trend.
The firm has held a first close on its flagship fund for North America mostly from existing investors and has expanded its LP base from 275 to 400.