In a letter to LPs, firm founder Leon Black revealed that several funds are now reporting positive or flat unrealised performances after dramatic write-downs earlier this year.
The maker of residential and commercial building products will reduce its debt load by $1.3bn.
The European Central Bank has become the latest influential group, including the UK Financial Services Authority and London mayor’s office, to raise concerns in the past week about the negative consequences that proposed regulations could have on Europe’s private equity industry.
The emerging markets bank is raising a ‘new and unique’ fund to stimulate the debt capital markets in Sub-Saharan Africa.
The São Paulo-based firm raised more than half the capital since September 2008, targeting North American and European investors. The firm will focus on office and affordable housing developments in Brazil.
Freedom Group was formed by Cerberus as a firearms platform after the firm acquired gun maker Bushmaster in 2006.
The listed private equity firm has sold its remaining stake in Dutch business Dockwise to a consortium of investors including Bain Capital’s credit arm, Sankaty.
The close brings to life the second availability payment-based transportation infrastructure project in the United States. In the end, ten banks provided $341m in senior loans toward the $903m project. Equity investors Meridiam and Bouygues contributed $80m.
The Inter-American Development Bank is to provide a $1bn credit line to the South American country to help develop its road infrastructure. The first loan from the package will see $350m financing a new bridge and the maintenance of 810km of roads.
A buyer of company debt will have to prove that they are undertaking a 'genuine company rescue' in order to avoid paying taxes on cancellation of indebtedness income.