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A letter sent to Apollo limited partners explains the fund’s IRR will drop only minimally if an investment in the now-bankrupt housewares giant is marked down to zero.
The mega-buyout firm has entered into a “Green Portfolio” partnership with the non-profit organisation, Environmental Defense Fund, to help its portfolio companies reap environmental and financial benefits.
The UK property development and fund management firm has promoted Michael Ward to VP of development as it earmarks more acquisitions in the US Capitol’s metropolitan area.
Silver Lake’s middle market investment arm has agreed its second deal this month, its third ever, as it raises a $1bn debut fund.
The firm’s global regulatory affairs head, David Marchick, warned a Senate committee today against unnecessary investment protectionism, using Carlyle’s stake sales to CalPERS and Abu Dhabi as examples of government-affiliated investments that bolster US companies.
The US firm is to go on the fundraising trail to acquire up to €5 billion of real estate in Europe.
The US firm finds its $700m fund already oversubscribed after just a few weeks in the market. Meanwhile, $16.8bn in debt tied to its BCE deal is reportedly among the LBO loans lenders hope to sell to buyout firms.
Tel Aviv-based Israel Infrastructure Fund has raised NIS 400 million for its first fund, 40 percent of which has been deployed.
The aerospace company’s $50.4 billion pension is shifting its allocation targets as it looks to reduce exposure to stock market volatility.
Morgan Stanley Alternative Investment has committed $35m to the Connecticut-based turnaround specialist, a spin-out from North Castle Partners.
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