Baring Private Equity Asia has invested alongside India’s ICICI Ventures for a stake in a local brokerage.
Participants at the 2007 PERE Forum in New York discussed the credit crunch and the outlook for US private equity real estate performance, but much of the talk centered on investor enthusiasm for emerging markets property.
New York Life Capital Partners has doubled its capital and LPs for its second mezzanine fund, as demand for mezzanine debt soars amid a credit liquidity freeze.
Dubai International Capital has jointly raised a $300 million infrastructure and energy fund with two other firms as the Middle Eastern investor continues at a frenetic pace.
Former US Vice President Al Gore has become a partner at Kleiner Perkins, as part of a joint venture to back greentech companies along with Gore’s environment-focussed investment firm, Generation Investment Management.
TA Associates has made a four times return from the sale of SmartStream Technologies to Middle Eastern firm DIFC Investments after deciding against an initial public offering.
NASDAQ is consolidating Goldman Sachs' GSTrUE, Bear Stearns’ Best Markets, and OPUS-5, all private exchanges, which allow private equity firms to list with less disclosure requirements.
Emerging Capital Partners, in partnership with Truffle Capital, has acquired a third African mining company with its $53 million purchase of Morocco’s Compagnie Miniere de Touissit.
With the closure of its tenth fund on $520 million, Accel Partners is slowly increasing its fund sizes again; post-dotcom crash, the firm downsized its eighth fund by more than half, having originally closed on $1.4 billion in 2000.
Dubai-based distressed specialist HBG Holdings has held a second close on $120 million for its Middle East and South Asia-focussed fund. It is expected to close this year with commitments ‘north of $200 million’, more than double its initial target.