Amanda Janis
Alternative asset classes were the $154bn New York State Common Retirement Fund’s top performers for fiscal 2007, with real estate returning almost 15 percent. State Comptroller Thomas DiNapoli has indicated legal limits on the pension’s alternative investments should be revisited.
A year after registering for a $1.25bn IPO, Henry Kravis has unveiled his firm's revised plan for a public float, which includes taking over KKR Private Equity Investors and which values the combined firm at up to an estimated $18bn.
The private equity firm beat its combined target of $6.5bn for the two funds. It is the first time Lone Star has raised separate, side-by-side funds for each investment strategy.
Scott Nuttall, the head of KKR’s financial services group, will also oversee fundraising and broker-dealer activities, while Todd Fisher, co-founder of the firm’s London office, will fill a newly created role of chief administrative officer. Perry Golkin will narrow his investor relations activities.
The private equity firm’s latest global buyout fund, targeting an estimated $20bn, now reportedly counts China’s State Administration of Foreign Exchange as a substantial investor.
The world’s second largest sovereign fund’s recently launched capital strategies group will invest five percent of its assets in private real estate deals, but says private equity is ‘not part of the investment universe’.
The Texas private equity firm has purchased ‘certain operating assets’ from the US investment bank, which was sold last week to JPMorgan.
The BVCA, EVCA and CBI are together lobbying Brussels as an EU committee mulls mandatory regulation of alternative investment funds as proposed by former Danish Prime Minister Poul Nyrup Rasmussen.
The Canada Pension Plan Investment Board has tapped former Goldman Sachs rainmaker Alain Carrier to lead private investments from its second international office opened this year.
The $9bn distressed investment specialist will provide more than half a billion dollars to bail out Standard Pacific, buffeted by the sinking Southern California real estate market.