Recently-listed private equity stocks are under-performing on both sides of the Atlantic, casting doubt on the future ability of buyout firms to tap the public markets for additional capital.
Bramdean Asset Management, the fund manager run by City of London “superwoman” Nicola Horlick, has raised £131 million for a London-listed fund-of-funds, which aims to give retail investors access to the superior returns of alternative investments.
Fortress Investment Group has closed on third party commitments worth $5 billion for its latest two private equity funds.
The UK mid-market firm has made the second investment from its second fund – which it has closed on £180 million.
The global buyout firm has raised $1.3 billion for the biggest Latin America-focused private equity fund ever. Advent’s Latin America CEO told PrivateEquityOnline that investments in the service sector will be the fund’s sweet spot.
The Robert Bass-led firm has strengthened its aerospace portfolio with the acquisition of air cargo company Southern Air. The deal puts the firm on track to own 22 freight aircraft.
KKR’s first Asia-dedicated fund is set to close soon with $4 billion of commitments, according to a SEC filing ahead of its $1.25 billion initial public offering.
Metalmark Capital, which spun out of Morgan Stanley in 2004, has hired former Morgan Stanley executive Fazle Husain to grow its healthcare dealflow.
A Delaware court has ordered the Beverly Hills private equity firm to pay $20.5 million for terminating its agreement to acquire Rohn Industries.
Swedish buyout firm Litorina Kapital has bought swimming pool equipment company Pahlén. It is the second investment from its third fund, which recently held a first close.