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.
Adena Friedman is joining The Carlyle Group, replacing Peter Nachtwey who resigned in December to join Legg Mason.
Strong rebounds across the Permira portfolio were reported in SVG’s 2010 earnings statement, which also detailed £77.4m in private equity distributions linked to deals including TDC and Cognis.
The latest study from LBS and HEC academics follows a report they released in June 2010, which found buyout funds to have a unique alpha component.
The scheme to widen the UK’s M25 motorway has been attacked by a second Parliamentary body. While the National Audit Office said delays resulted in procurement being affected by the credit crunch, the Public Accounts Committee has focused on a ‘technical mistake’ in assessing the costs of different approaches.