Profits in the fourth quarter for the New York-based firm, which manages more than $1tn in assets, were hit especially hard by hedge fund and real estate losses.
2 min read · 08 February 2013
Twenty-four toll road projects in the US have involved PPP-type arrangements, out of a total of 235 projects implemented since 1992. PPP approaches are being considered for another 24 toll road projects, according to a study published by the US Federal Highway Administration.
2 min read · 08 February 2013
Dubai World-owned Istithmar World has reduced its staff by 13 in a bid to address existing market conditions.
2 min read · 08 February 2013
The KPMG-sponsored survey of global business leaders also found that business leaders around the world consistently said that roads and energy were the two sectors of infrastructure most urgently in need of investment.
2 min read · 08 February 2013
A recent study by BVCA analysed the performance of private equity-owned portfolio companies in the UK and found that they achieved 330% higher returns than the public equivalents. The report includes household names such as Alliance Boots, New Look, Thames Water and Weetabix.
2 min read · 08 February 2013
The Italian alternatives firm – one of Southern Europe’s earliest international private equity fund of funds operators – has hired Seth Lieberman to head up its new global real estate platform.
2 min read · 08 February 2013
The global private equity firm has made the hire to support its investment advisory activities in the financial services sector.
1 min read · 08 February 2013
BC Partners has admitted that the acquisition in June 2007 of UK estate agent Foxtons was the “wrong call”. The firm gave a press conference yesterday to clear the air after months of speculation about the ill health of their recently acquired asset.
2 min read · 08 February 2013
Ezra Merkin, the chairman of the Cerberus-backed financing company, resigned his position Friday as part of an overall board restructuring required by the US government for the company to become a bank holding company. Merkin is also being sued over links between a separate investment fund he controls and the Bernard Madoff Ponzi scheme.
2 min read · 08 February 2013
Oliver Blechner has resigned amid reported rumours of a personality clash at the top.
1 min read · 08 February 2013
