Matt Levin
Respondents to a recent survey also said sovereign funds’ long-term strategy makes them more appealing than other LPs.
The corporate debt and real estate specialist has acquired CIT Group’s troubled Home Lending business, Lone Star’s third mortgage-related deal since October.
The $82bn Washington State Investment Board, known for its bullish stance on alternatives, had a minus two percent first quarter return on its private equity portfolio, while real estate underperformed against its benchmark. Executive Director Joseph Dear says ‘we’re in this asset class to stay’.
The $82bn Washington State Investment Board, known for its bullish stance on alternatives, had a -2 percent first quarter return on its private equity portfolio, slightly outperforming its benchmark. Executive Director Joseph Dear tells PEO, ‘we’re in this asset class to stay’.
The bill, which would more than double federal taxes on carried interest, faces an uphill battle in the Senate.
Kayne Anderson Energy Funds is also part of the consortium that has made an all-equity purchase of oil pipeline specialist Crestwood Midstream Partners.
The private equity energy giant has made its largest-ever investment into specialised insurance with its support of London-based Torus Insurance.
The Tom Gores-led firm will sell PNA Group to Reliance Steel & Aluminum, just two years after acquiring the Atlanta-based steel maker.
The US firm's deal for Greenfield Online is one of its first transactions led by former Yahoo chief operating officer Daniel Rosenweig, tapped last year to open Quadrangle's Silicon Valley office.
The influential institutional investor saw its alternative investment program return 5.3 percent, while public equities languished.