After a year in which almost half of them scaled back their allocations to listed private equity stocks, wealth managers in Europe are starting to look again.
Around 116 opportunistic funds were seeking to raise $109bn in capital as of August, according to Clerestory Capital Partners. By Q2, 47 funds targeting $35.5bn failed to come to market or were put on hold, particularly emerging market strategies.
The Japanese fund manager has reportedly handed over control of the Pacific Century Place building that it bought from billionaire Richard Li in 2006 after failing to reach an agreement with creditors.
Oaktree has been collecting millions from a number of public pensions in the US for two investment vehicles.
The $5.64bn infrastructure fund has made another investment in the natural gas sector, this time taking a 50% stake in Chesapeake Midstream Partners, a new gas gathering joint venture in the US.
The industry is preparing itself for the opportunity of a lifetime. But will the opportunity be as big as everyone believes? By Zoe Hughes
Sandwiched between China and India, Southeast Asia is fragmented, risky and often bypassed in favour of the more developed private equity markets of its enormous neighbours. But for investors with the right appetite, and managers with the right skill-set, the region presents a uniquely compelling investment case.
The pension will not look for new commitments for a while as it takes time to monitor the state of the private equity industry.
The proposed £225m take-private of UK specialist life company Just Retirement will take Permira’s current fund to just under 60 percent invested. The deal is being led by James Fraser.
Stephan Wilcke, who used to lead Apax Partners financial services investments in Europe, has been hired by the Treasury to run its safety net for risky bank assets.