The $231bn pension also plans to boost its exposure to private debt as well as specialty financing in emerging markets like China and Brazil.
REDgroup reportedly recorded a a full-year loss of A$43 million in the last financial year.
Richard Anthony, head of Evercore Partners Private Funds Group, believes many fund managers will have to slash their fundraising targets.
The Boston-headquartered private equity veteran is expected to be significantly oversubscribed for its seventh buyout fund, targeting $1.6bn, and its second senior debt fund, targeting $1.3bn.
Richard Anthony, head of Evercore Partners Private Funds Group, said at an event in New York that ‘there will not be enough capital to satisfy all the demand’ and as a result many big-ticket fund managers will have to slash their fundraising targets. The market for infrastructure will likewise not be an easy sell.
The Florida firm exceeds its fundraising target for a fund focused on distressed assets in its home state.
Richard Anthony, head of Evercore Partners Private Funds Group, said ‘there will not be enough capital to satisfy all the demand’ and as a result many big-ticket fund managers will have to slash their fundraising targets.
Richard Anthony, head of Evercore Partners Private Funds Group, said at an event in New York that ‘there will not be enough capital to satisfy all the demand’ and as a result many big-ticket fund managers will have to slash their fundraising targets. The market for infrastructure will likewise not be an easy sell.
If Congress enacts the president’s budget, $450m will be available for the low-cost infrastructure lending programme next year, nearly four times more than current levels. The TIFIA programme would also be merged into a National Infrastructure Bank capitalised at $30bn over six years.
Adena Friedman is joining The Carlyle Group, replacing Peter Nachtwey who resigned in December to join Legg Mason.