Fund Management

Cinven has carried out the third largest secondary transaction since the credit market difficulties began, acquiring Coor Service Management. The seller, 3i, doubled turnover and profits at Coor over three years.

Partners Group’s Frankfurt-quoted fund of funds ended its first day of trading on the London Stock Exchange with a fall in the share price. Partners hopes to narrow the discount to net asset value at which the shares trade.

Sovereign wealth funds are becoming major forces in the global investment market thanks to surging oil revenues and swollen currency reserves. These national funds are set to have a big impact on private equity real estate. By Dave Keating

Heitman started four decades ago as a mortgage origination shop. Today, the firm has $20 billion in assets around the world. PERE recently spoke with firm head Maury Tognarelli about Heitman's history, its pioneering move into Central Europe and where the company is headed next. By Aaron Lovell

With the acquisition of Singapore-based Pangaea Capital, Howard Marks adds Asian real estate vet Robert Zulkoski to the Oaktree team. By Sharon Lim

The US hedge fund is joining forces with a 50-year-old local firm.

Robert Zulkoski created a stir when he left Colony Capital Asia Pacific in 2004 to set up Pangaea Capital Management, an Asia-focused special situations fund manager. Earlier this year, Pangaea became part of Oaktree Capital Management, a US alternative investment group with big plans for the region. The sale has thrust Zulkoski back into the spotlight and brought him back together with former colleagues at Colony. In September, Sharon Lim met him to learn how and why it all happened.

The Carlyle Group is moving towards closing the largest buyout in Australia since the market got squeezed by the global liquidity crunch sparked by the US subprime mortgage crisis in July.

Asian private equity is going through another record year of fund formation. Sharon Lim explains why, and asks for how much longer the boom can continue.

Banks and investment groups may have found a cure for debt indigestion in the form of the hung bridge fund. By Andy Thomson.