Citigroup Alternative Investments has launched a new team to make investments in infrastructure, and brought in two sector specialists to run it.
Macquarie and TPG’s Airline Partners Australia consortium has quashed hopes of an improved bid for the airline, after the company’s board said another offer would need to be higher.
SGAM Alternative Investments has closed its fourth fund in eastern Europe at €156 million ($211 million), above its initial target. The fund will target mid-market deals right across the region.
Asia Alternatives, a new fund of fund manager that has its headquarters in Hong Kong, has raised $515 million, exceeding a $450 million hard cap. The fund may have just held its final close but is already invested in more than ten funds focused across 12 Asian countries.
UK buyout firm Charterhouse Capital Partners has agreed a secondary buyout of TSL Education, the educational publishing business that was Exponent Private Equity’s first acquisition as an independent entity.
More than doubling the size of its last vehicle, Heitman has closed an $800m fund to invest in North American value-added opportunities.
US bank Greenhill has held the first closing of its debut European fund, with 61 percent of the equity coming from the firm and its employees, as the latest example of an investment bank increasing its private equity activity.
Alinta is backing a $6.66 billion takeover offer from Babcock & Brown instead of a rival bid by Macquarie, as the Australian energy utility is convinced the former offers a “high degree of completion certainty.”
US alternative asset manager Oaktree Capital is to list 13 percent of itself on a private market being developed by investment bank Goldman Sachs.
3i’s annual results revealed another strong year, with record realisations and investment up 42 percent. The group will return £800 million to shareholders.