The private equity arm of Franklin Templeton Investments has appointed David Hudson as the head of its Asia operations, following the departure of Sean Wallace.
According to the PEI 50, a proprietary ranking of private equity firms unveiled today, the 50 largest private equity firms in the world have together raised $810bn over the last five years. At the top of the list are Carlyle, Goldman Sachs, TPG, KKR and CVC.
The challenges of running sophisticated alternative investment platforms beneath government umbrellas – from retaining talent to enduring criticism over private equity allocations – were among topics broached today by a panel of heavy-hitting LPs.
The JPMorgan spin-out will target early- to mid-stage companies in life sciences, internet, semiconductors and telecom infrastructure.
The chief creative officer of Electronic Arts, Bing Gordon, will join the Silicon Valley firm that helped launch the gaming company 25 years ago.
Fred Buenrostro has confirmed he will end his six-year reign at the US' largest public pension, which is also losing its CIO, Russell Read.
The Boston-based firm has raised €1bn for growth capital investments in Europe and $825m for a global subordinated debt fund.
The new fund, which is targeting Vietnam's lower-risk residential sector, is seeking to raise $200m by the end of June.
The outlook for the US commercial real estate market is generally sound despite the credit crisis, according to a report by real estate management firm, ING Clarion. However ING warns the office sector will be hit over the next two years before recovering strongly in 2010-2011.
The firm’s real estate arm will invest $18m for a minority stake in Indian construction company.