Deals

Apollo Euronext fund sees 27% NAV decrease

Citing a ‘challenging economic climate’ and volatile debt markets, the buyout firm’s listed investment fund wrote down $500m of its private equity co-investments in deals including Harrah’s.

Judge approves Warburg-backed Wellman's bankruptcy plan(2)

Warburg invested $126m in polyester manufacturer Wellman in 2003 but saw the company collapse into bankruptcy in February amid rising raw material costs and a mountain of debt.

Starwood acquires 2,500 US residential sites

The deal, which includes residential land in Arizona, California and Florida, follows on the firm’s $150m JV investment with Riverway Properties to target the Houston residential market.

Notes from the frontline – Thomas Gibian, Emerging Capital Partners

In the midst of the global economic storm it is more important than ever for private equity firms to do what they do best – due diligence, writes Thomas Gibian.

Judge approves Warburg-backed Wellman's bankruptcy plan

Warburg invested $126m in polyester manufacturer Wellman in 2003 but saw the company collapse into bankruptcy in February amid rising raw material costs and a mountain of debt.

ShaPE to sell CHF51m in fund interests(2)

The Switzerland-listed fund of funds is selling its stakes in seven private equity funds in order to free up cash for capital calls and further fund commitments.

Macquarie Group writes down A$684m in managed assets, co-investments(2)

The world's largest private manager of infrastructure assets also saw its fiscal 2009 half-year profit plummet 43% to A$604m. Its unlisted funds continued to post strong base and performance fees, while listed funds did not.

Macquarie Group writes down A$684m in managed assets, co-investments

The world's largest private manager of infrastructure assets also saw its fiscal 2009 half-year profit plummet 43% to A$604m. Its unlisted funds continued to post strong base and performance fees, while listed funds did not.

ShaPE to sell CHF51m in fund interests

The Switzerland-listed fund of funds is selling its stakes in seven private equity funds in order to free up cash for capital calls and further fund commitments.

CPPIB’s alternatives exposure grows(2)

The Canadian pension suffered a negative 8.5% return in the second quarter owing largely to a decline in its public equities portfolio, which has in turn increased its exposure to private equity, real estate and infrastructure.