The Global Emerging Markets Group has agreed to acquire a 49 percent stake in a coking coal reserve in Inner Mongolia. The deal is GEM’s second direct private equity investment in the country.
Alpha Associates, the central and eastern European fund manager, has held the final close of its second fund, which is already 40 percent committed.
The state of California has passed a law requiring that CalPERS and CalSTRS divest from companies that do business in Iran, but unlike similar bans elsewhere, private equity is not affected.
As the chair of the Institutional Limited Partners Association, CalPERS’ Joncarlo Mark will focus on growing the organisation’s research and education platforms.
The €40 billion private equity investor has more than doubled its mezzanine mandate from its former pension fund parents, expanding its remit to include Europe and opening its London office.
New York firm Braemar Energy Ventures has raised $250 million for its second fund, which is more than 4 times the size of its predecessor.
Morgan Stanley’s Asia private equity group has raised $1.5 billion for the firm’s third Asia-focused fund, underlining the US bank's renewed commitment to the asset class.
The largest pension fund in the US now has approximately $3 billion of its real estate assets in Asia.
The alternatives-focussed Yale University endowment returned 28 percent this year, up 5.1 percent percent from 2005. The endowment is now valued at $22.5 billion, up 25 percent from 2005.
Damien Reynolds, head of natural resources investment firm Longview Capital Partners, has launched a new firm that will target renewable energy and cleantech.