The real estate division of UBS Global Asset Management won a tender for a multi-manager mandate from Germany’s Bayerische Versorgungskammer that has a wide range of investment possibilities.
1 min read · 15 January 2013
The New York-based firm has made early headway in its capital raising efforts for its second Japan-focused opportunity fund. The ¥100bn Fortress Japan Opportunity Domestic Fund II is expected to be used predominantly for investments in the country’s debt space with a view to taking controlling positions.
3 min read · 15 January 2013
The Egyptian private equity firm intends to invest the lion’s share of the capital raised from a US government agency in Egypt – including Egyptian infrastructure – to support the transformation of areas reeling from the Arab Spring.
2 min read · 15 January 2013
The Egyptian firm intends to invest the lion’s share of the capital raised from a US government agency in Egypt to support the transformation of areas reeling from the Arab Spring.
2 min read · 15 January 2013
UK-listed 3i attempted to placate investors by announcing a substantially increased dividend during its half year results presentation Thursday morning, as it revealed its portfolio had fallen in value by £523m.
2 min read · 15 January 2013
Arup and the RAC Foundation have identified 96 road schemes – many possessing ‘exceptionally strong business cases’ – which are stalled due to lack of government funding. The two firms urge the use of private sector capital, but note the UK’s reluctance to tolling as a hindrance.
2 min read · 15 January 2013
The Australian airport, in which Hastings Funds Management owns a majority stake, has struck a deal with nine banks to refinance its debt. Next, the airport’s owners will tap the equity markets for $180m.
2 min read · 15 January 2013
The European Commission is proposing to use €230m to fund a test phase for its Europe 2020 Project Bond initiative, to be implemented in 2012-2013. The pilot programme, part of a wider €50bn infrastructure facility, will target up to 10 projects and ‘is expected to mobilise investments of up to €4.6bn’.
2 min read · 15 January 2013
Magnus Christensson, the European head of fund placement activities at Jefferies bank, is joining TPG Capital as a member of its European capital raising team.
2 min read · 15 January 2013
UK government-backed CDC Group recently made plans to expand its credit products in India. Anubha Shrivastava, managing director, discusses the potential for such offerings in the country with PE Asia.
2 min read · 15 January 2013
