Amanda Janis
The Indian private equity firm has reportedly paid $800 million for a minority stake in Jaypee Infratech, an infrastructure division of Indian industrial conglomerate Jaypee Group.
The private equity firms have paid an undisclosed amount for a minority stake in Global Leisure Partners, an advisor and co-investor on private equity deals in the gaming, lodging and leisure industries.
The Washington State Investment Board has said private equity outperforms ‘traditional investments’ and upped its allocation target for the asset class to 25 percent. The US pension also increased its real estate allocation from 12 percent to 13 percent and created a 5 percent allocation for ‘tangible assets’, which include infrastructure investments.
Bleak economic data has sent US stock markets tumbling – taking Blackstone and Fortress along with – one day before markets close for the Thanksgiving holiday.
The private equity firm that made its name turning around the Japanese bank has returned to bail out a beleaguered Shinsei with the largest-ever private equity deal in the Japanese banking sector.
A new tax on carried interest would be ‘a lot bigger than just private equity’, according to Phillips Hinch, a tax specialist with the US Chamber of Commerce, which recently released the second half of its study on proposed policy changes to carried interest taxation. Hinch tells PEO's Amanda Janis why the chamber opposes a change to carried-interest tax policy.
Two US Congressional committees will hold hearings on private equity ownership of nursing homes tomorrow; a REIT executive is the only finance-industry representative scheduled to testify.
Congressional interest in private equity-owned nursing homes remains high, as two committees in the US House of Representatives have now said they will hold hearings on the subject.
Chuck Grassley and Max Baucus, the Senate Finance Committee members considering carried interest taxation and tax on publicly traded financial partnerships, are investigating patient care at private equity-owned nursing homes.
The Carlyle Group has closed its third US-focussed fund on $605 million, bringing the 10-year-old venture arm’s total capital under management to $3.8 billion. It is the third fund the buyout giant has closed in the past four weeks.