A 1% management fee on invested capital was one of several choice economic terms that New Jersey's alternatives chief Christine Pastore helped build into customised funds managed by Blackstone.
4 min read · 15 January 2013
The $66bn pension projects saving $120m in fees over the life of the partnership, in which the system will allocate capital to traditional Blackstone funds and customised accounts with ‘1% and 15%’ term structures.
2 min read · 15 January 2013
The bankrupt parent company of American Airlines had $389m-worth of unfunded exposure to private equity funds as of 31 December. It’s not clear if the company will continue to meet capital calls through bankruptcy proceedings.
3 min read · 15 January 2013
Portugal’s PPP liabilities – most of them in the transport sector – represent a staggering 14% of GDP. The country’s roads agency, which doles out payments to concessionaires, is threatening to go bust in 2014. Bruno Alves takes a peak at a worrying future
8 min read · 15 January 2013
We explore the impact on infrastructure investment businesses globally as the Eurozone’s unfolding traumas put markets everywhere on tenterhooks
5 min read · 15 January 2013
Thomas Putter, former co-head of Allianz’s alternative assets business and a pioneer of renewable energy infrastructure investing, believes the world has changed irrevocably. For limited partners, this means the need to think hard about what the infrastructure asset class really is. And for fund managers, it means preparing for a backlash from disaffected stakeholders.
10 min read · 15 January 2013
What does the ongoing turbulence in the Eurozone mean for fund managers? Infrastructure Investor gathered six investment professionals in London to discuss – and to find out how it has influenced their approach to deal financing, target sectors, fundraising and more.
10 min read · 15 January 2013
A number of private equity real estate firms are nearing the end of their investment period for large funds they raised during or immediately after the global financial crisis. With a decent amount of capital left in each, the decision on how to proceed may be telling as to the firm’s confidence moving forward. PERE Magazine, December 2011/January 2012 issue
4 min read · 15 January 2013
If you are looking for some positive news in Europe (and chances are you will be), how is this for a message: “Private equity real estate funds, we need you. Love, Germany’s biggest pension fund. PERE Magazine, December 2011 issue.
4 min read · 15 January 2013
The $26bn retirement system also made a pair of commitments, totaling around $80m, to Leonard Green’s sixth fund and BC Partners’ ninth European capital fund.
2 min read · 15 January 2013
