Upon its founding in 2001, Clearwater Capital Partners determined that investing in distressed debt and special situations across Asia would require local talent and precedents in local courts. Managing partner Rob Petty spoke recently with Rob Kotecki about how Clearwater's patient approach is paying off.
6 min read · 12 January 2013
The TPG-led consortium has pulled out of the bidding for a minority stake in Alitalia as sources close to the deal blamed government regulation for making it impossible for the consortium to takeover the company.
2 min read · 12 January 2013
Park Square Capital has tapped three of its existing investors to raise a credit opportunities fund, which could have firepower of up to €1.25 billion and will work in complement to its existing mezzanine fund.
2 min read · 12 January 2013
Alinta is backing a $6.66 billion takeover offer from Babcock & Brown instead of a rival bid by Macquarie, as the Australian energy utility is convinced the former offers a “high degree of completion certainty.”
2 min read · 12 January 2013
New York-based hedge fund Highbridge Capital Management has reportedly hired former Goldman Sachs director Scott Kapnick to launch its private equity business. It is the latest example of the increasing convergence between the two asset classes.
2 min read · 12 January 2013
Distressed investors in China and Japan can rarely rely on formal control to improve the fortunes of their targets. Successful workouts require a blend of local talent, rigorous due diligence and above all, a healthy dose of diplomacy. Rob Kotecki reports.
9 min read · 12 January 2013
The law of unintended consequences decapitates the Qantas board after the proposed $9 billion de-listing of Australia's national airline fails and forces its most vigorous proponent to quit.
5 min read · 12 January 2013
Nicholas Lockey, editor of PrivateEquityOnline.com, looks behind the headlines of the last four weeks on the web.
3 min read · 12 January 2013
Which limited partners are best at investing in private equity? In its third annual investor survey, PEI asked the investor relations professionals at the world's leading general partner groups. James Taylor examined the results.
5 min read · 12 January 2013
Fifty finest..Continue 2007-06-01 Staff Writer <strong>STEPHEN SCHWARZMAN, BLACKSTONE GROUP</strong><br> Always bet on Blackstone. The firm has moved from success to success largely because its chairman and chief executive Stephen Schwarzman demands nothing less. The strong, early track re
5 min read · 12 January 2013
