Claudio Phillips has joined MB Global Partners as a managing principal in New York.
In a rare in-depth interview, KKR co-founder George Roberts discusses both the firm’s and private equity’s ongoing evolution as they move past credit crisis ‘hiccups’ and closer to maturity.
In a rare in-depth interview, KKR co-founder George Roberts discusses both the firm’s and private equity’s ongoing evolution as they move past credit crisis ‘hiccups’ and closer to maturity.
'The last time we fought was when we were about eight years old – and that was over a bicycle,' says KKR co-founder George Roberts of cousin and fellow co-founder Henry Kravis.
The $6.5bn pension fund’s $500m commitment to AlpInvest is the fund of fund’s first since being acquired by The Carlyle Group in January.
KKR invested ‘hundreds of millions’ in a partnership called Weld North in 2010, which has made its first acquisition for a reported $50m.
Carlyle had reportedly been in talks to acquire the New Jersey-based energy-focused firm, which closed its $4.3bn second fund in 2010.
For the first time since the credit crisis, Aberdeen Asset Management has launched an Asia Pacific fund of funds vehicle, seeking out a range of strategies from core to opportunistic and targeting returns between 13 and 17 percent per year.
The $154bn pension system will also work to decrease holdings in opportunistic and value-add investments and reduce leverage in the portfolio.
California Democratic Senator Barbara Boxer, who chairs the Environment and Public Works Committee, has proposed a two-year, $109bn transport bill to replace current legislation expiring on 30 September, while House Republicans led by John Mica (right) are suggesting a six-year, $230bn plan.