Amanda Janis
InfrastructureInvestor’s parent has been recognised in the prestigious awards’ international trade category. London-based PEI Media now has customers in 80-plus countries and has more than doubled its overseas revenues in the past three years.
The buyout industry’s energy-focused veteran continues to prove LPs are keen on energy, topping its own record for the largest energy fund raised to date. The final close comes less than a year after its initial close, though is far from its $12bn target and $16bn hard-cap.
Following in the footsteps of American Capital and KKR, 3i will de-list its quoted private equity fund. The exercise values the vehicle at £355m, 33% above last week’s closing share price.
Réal Desrochers has ended his 11-year reign as the director of alternative investments at the US' second largest public pension, leaving veteran portfolio managers Margot Wirth and Seth Hall as interim co-directors. Desrochers did not disclose future professional plans in a farewell email sent to friends and colleagues.
The Cairo-based private equity firm is raising $500m for its first institutional fund.
The Paris-headquartered private equity firm has opened two new locations this year on the heels of closing its €1.6bn Fund IV. The Vienna-based team mainly look for corporate takeover opportunities, but will also source growth capital, mezzanine, infrastructure and co-investment deals.
The publicly traded mid-market and mezzanine firm has said it will also close two offices and implement ‘internal cost saving steps’ as it re-sizes its operations to coincide with lower business volume. 3i is reportedly cutting 15% of its staff.
Last year, mega-firms took centre stage in the Private Equity International Awards – will they be displaced now that mega-deals have slowed? Which firms, funds and deals excelled over the past year? Cast your vote now in the only global private equity awards that are voted on entirely by the industry – not by editors.
The private equity firm will continue to invest in these regions, but has decided dedicated teams weren’t warranted given global financial turmoil coupled with the ‘difficult investment’ climate.
Its investments in turn-key renewable energy infrastructure projects across the EU will be managed by German renewable energy specialist and asset manager SachsenFonds. Aviva and SachsenFonds previously partnered on a €600m Central European property fund.