Amanda Janis
The firm has already invested 20% of Fund III's committed capital. It has also fully realised the real estate portion of its debut fund.
The Ivy League endowment's first-ever overall investment loss has been partly attributed to ‘aggressive commitments to illiquid asset classes’. Yale had similar results.
Hot on the heels of proposing Italy’s largest LBO this year, Investindustrial will take a 50% stake in Barcelona’s PortaAventura theme park.
The European trade body is the latest to stress placement agents ‘play a crucial role’ in the private investment fund industries.
The private equity firms have launched Italy’s largest LBO this year for Milan-listed ‘architectural envelope’ maker Permasteelisa.
The mega-firm has added on a 600,000-hectare cattle ranch in North Queensland to its Consolidated Pastoral platform in an all-equity deal worth A$48m.
The Southern European buy-and-build specialist is giving LPs greater control over investments made by the fund, which will support add-ons for Fund III portfolio companies.
As it nears the $2bn mark in a $2.5bn fundraise, UK private equity firm GI Partners' portfolio company Orchid has purchased 10 businesses from collapsed pub chain Bar Room Bar. Orchid had previously sold Bar Room Bar for £20m.
Fortress, Lightyear Capital and Crestview Partners comprise the latest private equity consortium to purchase equity stakes in a US government-backed bank.
The publicly listed alternative investment firm will sell Class A shares to repay a portion of its outstanding debt as well as generate working capital that may be used to fund GP contributions to Fortress funds.