The New York-based private equity firm is opening an office in India, as well as earmarking $1bn for investment in the country.
CVC Asia Pacific has closed the largest private equity fund ever raised for investment in the Asia Pacific region on almost $2bn.
Amid recent staff turnover and the launch of an internationally focused subsidiary, the private equity advisory firm has separated its direct investment and institutional management arms into two different business units to create more operating focus.
Stewart Gross is leaving his post as a managing director at Warburg Pincus to join private equity firm Lightyear Capital as a managing director.
The global investment bank has underlined its determination to remain active as an LBO player with the closure of its fifth co-investment vehicle, the largest buyout fund raised to date.
The Swiss fund of funds manager is currently talking to potential investors about a new vehicle that will target primarily direct investments in India.
Carlyle Group, the Washington DC-based global buyout firm, has raised $7.85bn and $2.2bn respectively for its latest US and European buyout funds.
The insurance giant’s Global Investment Group has agreed to buy the private equity assets of Dresdner Bank’s Institutional Restructuring Unit, which has approximately €1.1bn worth of interests in about 150 funds.
Troubled insurance broker Marsh & McLennan announced its MMC Capital private equity unit is to become independent.
The Toronto-based Ontario Municipal Employees Retirement Pension has reported a higher-than-expected return on investments for 2004, crediting the boost to private market investments.