AIG Global Investment Group hires two into European leveraged loan group
The Paris fund of funds, with €307 in fresh capital commitments, has already made commitments to 15 GPs.
The Houston energy-sector investor’s fourth fund follows its participation in the raising of Quantum Resources, a $1.2bn oil and gas reserves fund, with Aspect Energy in October.
The publicly traded merchant bank has committed $30m to Stroz Friedberg, which will use the money for employee incentives and to expand its geographic reach.
Partners Group, a Swiss alternative asset manager, has taken advantage of strong demand for private equity to boost assets by 59% in 2006.
Liverpool has become the third English football club to come under US ownership, after accepting a £470 million takeover bid from US private equity veteran Tom Hicks and compatriot George Gillett. The deal will help the club finance a new stadium.
The US financial services giant has closed its latest buyout fund $800m ahead of target as it looks to leverage its relationships with buyout firms for co-investment opportunities.
The US investment firm becomes the second company this year to close on a fund of funds vehicle targeting the European property markets.
Citigroup Alternative Investments has appointed Mathias Giebken to be its first head of institutional sales in Germany and Austria.
$401 billion raised worldwide – buyout alone accounts for $204 billion. Private Equity Intelligence’s 2007 Global Fundraising Review reveals the success that private equity firms had in raising new funds in 2006.