The Canadian pension bucks the loss-making trend among North American pension funds returning one percent on its investments in the three months to June this year. The pension’s real estate allocation now stands at 5.6%, or $7.2bn. Infrastructure makes up 2.6%, or $3.3bn, of its portfolio.
2 min read · 12 January 2013
The stakes are raised in the gaming industry as a listed-investment vehicle of private equity firm Apollo Global Management marks down its co-investment in casino company Harrah’s Entertainment by 25%. Harrah’s was acquired by Apollo and TPG for a total of $17.1bn earlier this year.
2 min read · 12 January 2013
TPG, Kohlberg Kravis Roberts and Goldman Sachs have sold a minority stake in the electricity distribution arm of portfolio company Energy Future Holdings, formerly TXU. The sale is the first since the record $45bn buyout closed in October 2007.
2 min read · 12 January 2013
The London-based private equity firm has diversified its buyout business with the purchase of 50 percent stake in Indicus Advisers.
1 min read · 12 January 2013
The mid-market firm’s debut $620m fund is now 60 percent invested following the purchase of ArrMaz Custom Chemicals, which has now had three alternative investment fund sponsors.
2 min read · 12 January 2013
The $234.2bn pension is mulling a possible change to its private equity allocation, as the twin forces of sinking assets under management and shrinking distributions have combined for an overweighted alternatives exposure.
3 min read · 12 January 2013
Fortress' and Blackstone’s second quarter earnings results offer a glimpse into how firms are responding to a slowing fundraising pace, writes Matt Levin.
2 min read · 12 January 2013
The latest quarterly report from the US Real Estate Roundtable warns that 95 percent of real estate chief executives feel that access to debt financing is worse than 12 months ago, with almost nine out of 10 professionals saying commercial asset values will stay flat or even drop over the coming year.
2 min read · 12 January 2013
Atlantis Plastics has sold off its molded plastics business to the KPS Special Situations spin-out as the distressed plastics company enters into Chapter 11.
1 min read · 12 January 2013
The asset management division of German commercial real estate investor Dawnay Day Sirius has been restructured. Geneva-based activist investor Principle Capital Holdings is buying troubled Dawnay Day's 48 percent stake.
2 min read · 12 January 2013
