Toby Mitchenall
The global buyout fund has closed its first MENA-focused fund with half of the commitments it had originally targeted. Among other sectors, the fund will invest in energy and infrastructure.
Unpredictable capital flows and managers often relying on minority stakes are two reasons why the banking giant’s private equity group will only increase exposure to emerging markets private equity at ‘a measured pace’.
A continuing bear market could leave the London-listed buyout group with net debt to equity levels of more than 70%, according to analysts at Morgan Stanley.
As the industry steels itself against a potential regulatory backlash in Europe, certain members of the European Parliament, including Poul Nyrup Rasmussen, have railed against the pro-private equity stance of the internal markets commissioner.
As part of its global efficiency drive, the firm’s entire Chinese investment team will be based in Beijing.
Former TCW president William Sonneborn has been named head of KKR Asset Management as well as chief executive of NYSE-listed KKR Financial, which is one of the largest lenders to Sam Zell’s now-bankrupt Tribune.
A JPMorgan Cazenove analyst has said the listed buyout group needs to divest to de-leverage and resist the temptation to make any new investments.
After a protracted 18-month sale process, the Ontario Teachers’-led consortium has finally pulled the plug on what would have been the largest buyout ever. The shareholders of BCE are now looking to secure a C$1.2bn break-up fee.
LPs are turning away existing relationships as they bump up against their target allocations. Almost two-thirds will sell interests on the secondaries market to focus resources on the best GPs, according to an LP survey by Coller Capital. There has been a 'growing recognition' among LPs of the importance of being with the best GPs.
LPs are turning away existing relationships as they bump up against their target allocations. Almost two-thirds will sell interests on the secondaries market to focus resources on the best GPs, according to an LP survey.