Wal-Mart is dedicating $25m for a private equity fund that will invest in women- or minority-owned businesses. The launch of the new investment vehicle follows years of criticism aimed at the company’s diversity efforts.
A final close for Kohlberg Kravis Roberts’s second European fund could be announced in the coming weeks, according to market sources. The fund is said to have corralled €4.5 billion in commitments.
In a deal that will yield a more than three times return, North Castle Partners has agreed to sell drug and alcohol treatment centre CRC Health Group. Bain Capital acquired the business in a roughly $720m deal.
Expanding its investment reach into less traditional emerging markets, the US-based Overseas Private Investment Corporation has committed to financing private investment funds targeting Africa. By Judy Kuan
Jeffrey Greenberg has rebounded following his departure from Marsh & McLennan, where he was chairman and CEO, and is reportedly set to launch a new private equity fund.
Greenwich, Connecticut-based Littlejohn & Co. has brought on two distressed vets to spearhead the group’s new focus on the asset class. The firm is just the latest of a growing number of firms to build distressed capabilities.
The buyout and mezzanine firm will bring its “one-stop shop” approach to the capital, investing from its €750m fund, which closed last week.
The oversubscribed fund closed on £330m with commitments from US, UK and European pension funds, insurance companies and family offices.
Survey results show Brazil’s private equity industry to have $5.5 billion in capital, exceeding previous estimates of the sector’s size. Judy Kuan investigates.
The latest incarnation of Sithe Global Power, a Blackstone investment, represents a shift in the electric energy opportunity, as distressed deals dry up and equity sponsors clamour for greenfield strategies.