Blackstone related stories
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CalPERS debates mega-funds, hardline fee stanceThe performance of mega-funds was a key point at a recent meeting, where a board member said he didn't understand why the pension continued 'to do business with the mega-funds'.
- Blackstone reportedly among bidders for Centro assets
GIC, Centerbridge and Oaktree are also said to be bidding for the assets of the ailing Australian property investment firm.
- Morgan Stanley Credit closes $1bn debut fund
Morgan Stanley Credit Partners raised just under $1bn for its debut fund, which focuses on corporate mezzanine deals in North America and Europe.
- NORDIC ROUNDTABLE: No chip off the Euro bloc(3)
How should the Nordics be characterised by international investors? According to those operating on the ground, the answer is as one bloc, but with key differences. PERE Magazine, July/August 2012 issue.
- TPG, Patron Capital succeed in European deal(3)
The US private equity firm, TPG Capital, and London-based Patron Capital, have persuaded Class A bondholders in a defaulted CMBS situation to accept a restructuring proposal.
- The benchmark LP(6)
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
- ‘We knew it was difficult’
Private equity innovator Kohlberg Kravis Roberts broke new ground in 2008 with its infrastructure fund. Marc Lipschultz recounts how KKR weathered a challenging fundraising environment to raise a $1bn offering.
- Freshfields launches multi-strategy group(6)
The law firm has launched a ‘fully integrated offering’ for private equity, infrastructure, sovereign wealth and so-called ‘alternative capital providers’, acknowledging that the strategies of many global investors have converged.
- CalSTRS prepares to move into customised accounts
The pension system, with $144.8bn in assets, is altering its private equity investment policy to allow for investments in separately managed accounts, a model that appears to be gaining popularity among large institutions.
- TPG, Patron Capital succeed in European deal(2)
The US private equity firm, TPG Capital, and London-based Patron Capital, have persuaded Class A bondholders in a defaulted CMBS situation to accept a restructuring proposal.