Despite the slowed LBO market, US pension funds’ private equity appetites are as voracious as ever. Megafunds, mid-market specialists, distressed vehicles, and European and Asia-focussed funds are among the latest recipients of fund commitments.
Apollo is buying land for development in Istanbul in conjunction with a Turkish joint venture partly owned by Morgan Stanley’s Multi Corporation.
Emerging Capital Partners has made its fourth investment in the African mining sector with the acquisition of a 16 percent stake in gold producer Central African Gold.
The US pension fund is entering into a $200 million jv with Sealy and Company as it agrees to yet another industrial real estate commitment.
Drawing on the resources of its parent company Invesco, WL Ross & Co. has raised a distressed investment vehicle three times the size of its predecessor.
Investcorp capitalises on investor appetite for growth buyouts as credit markets close the door on mega deals for now.
The Colorado Public Employees’ Retirement Association has created a new allocation bucket for investments that fall outside of its existing asset class definitions.
Ethos Private Equity has sold Tsebo Outsourcing Group having carried out a problematic disposal of a non-core on-flight catering business following the terrorist attacks of September 11, 2001 and ridden out price inflation in South Africa.
NEA- and Greylock-backed Northern Light Venture Capital has held a final close on $350 million for its second fund, less than two years after closing its $125 million debut vehicle.
The publicly listed alternative assets manager will invest in Africa’s natural resources via a joint venture with Tokyo Sexwale’s Mvelaphanda Holdings and Africa-focussed Palladino Holdings.
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