Fund Management

The fund management arm of Permira’s biggest investor is set to close its latest structured product on €700m, above its original target of €500m.

The fundraising carousel remains in full swing, and limited partners are struggling to cope with the pace. With strong distributions driving new commitments, few practitioners are preparing for a slowdown. Philip Borel reports.

Nikko Principal Investments has sold UK firm RoadChef to an Israeli real estate group for £375 million. Nikko had owned the motorway service station chain for nearly ten years.

The secondaries venture fund manager is acquiring a portfolio of four venture investments from 3i for an undisclosed sum in its first portfolio deal.

As lenders continued to supply debt to the industry at increasingly favourable terms, private equity firms were able to cash in last year by taking big cash dividends from refinancing, writes James Taylor.

Tim Callahan, the former CEO of both Equity Office and Trizec, has formed a private real estate firm focused on the US office market.

Carlyle invests in Indian outsourcing company * SIDBI, Clearstone finance Indian start-up * Merrill Lynch, PEP approach Australian credit company * Catalyst buys stake in catalogue firm * Bain Capital enters China real estate * Orchid Asia lists portfolio company * Private equity circles JVC * Vogo advances toward third deal * PMP ends talks with private equity * PEP's $1.3bn take-private grounded * Coles up for grabs

PEI Asia takes a look at some of the key movers and shakers in South Korean private equity.

Pacific Equity Partners in Sydney is preparing to organise a A$4 billion Australasian buyout fund – by far the largest such entity ever raised. Philip Borel reports.

Johannes Huth, managing partner of KKR and head of European operations