AMP Capital’s latest private equity real estate fund, the largest ever in Australia at just over A$200 million, shows the growing sophistication of Australian LPs. By Paul Fruchbom
The real estate arm of the New York-based investment bank has closed its third open-ended funded on $2.2bn. It will have exposure to private and public equity and debt securities.
Bridgepoint, a European mid-market private equity firm, has bolstered its European advisory committee with the appointment of Sir James Crosby, former chief executive officer of HBOS.
Private equity firms Berkshire Partners and Freeman Spogli have announced a major investment in TH Lee Putnam Ventures’ call-center portfolio company N.E.W. Customer Service.
The second largest pension fund in the US has made an “unprecedented” move by significantly expanding its target allocations to alternative investments, including private equity and real estate.
Carlyle/Riverstone’s latest $2.45bn energy fund will provide $200m to Legend Natural Gas III, a company which will acquire and develop onshore natural gas and other properties in south Texas.
First Reserve, which recently opened offices in Asia, has announced the closing of the largest energy-specific global fund ever raised, at $7.8bn. CEO Bill Macaulay told PEO that investor demand could have made the fund "much larger."
The Japan-focused private equity house has acquired OCC Corporation, a cable systems company, from the IRCJ, the state-backed corporate rescue organisation.
Kibo Technology Advancing Capital, a Korean venture capital firm funded mostly by the Korean government agencies, has raised $36 million for two funds this week.
Bear Stearns Merchant Banking will place an increasing focus on financial services companies as it seeks to differentiate itself from other ‘captive’ models.