The UK’s Universities Superannuation Scheme along with CP2, Gartmore Investments, Magellan Asset Management, New Jersey Division of Investment and rpmi Railpen Investments -which together own 4% of Spanish toll road operator Cintra – have signed a new shareholder agreement underlining "deep concerns" about plans to merge it with Cintra’s parent company, Ferrovial.
3 min read · 08 February 2013
A wide-reaching directive affecting private equity real estate fund managers could be brought in by the end of the year, with onerous obligations. PERE July/August 2009
2 min read · 08 February 2013
Qiming brings in three, raises $320m * Philipp to go it alone in MENA * Morgan Stanley appoints Japanese PE head * JPMorgan pro joins Blackstone's GSO * Paul Capital appoints Hong Kong office head * Carlyle hires Citibank Japan president * Credit Suisse appoints Asian head of sponsors
5 min read · 08 February 2013
Limited partners should cast aside traditional categorisations of risk and re-think expected returns and fees, according to a white paper published by the placement agent. The paper also identifies 70 funds in the market for $100bn, of which 55 are first-time managers.
5 min read · 08 February 2013
With $5.64bn in commitments, Global Infrastructure Partners is the largest independent first-time infrastructure fund ever organised. Three years after the firm’s launch, the bulk of the fund is yet to be invested, and with markets still in disarray, new investments are difficult to close. But Adebayo Ogunlesi, the man in charge, isn’t in a hurry. Chris Josselyn and Philip Borel find out why.
9 min read · 08 February 2013
The Russian landscape is set to alter beyond recognition and only the strongest will survive. Toby Mitchenall reports from Moscow
8 min read · 08 February 2013
As the economic crisis tightens its grip on Europe's largest economy, and lenders remain on the sidelines, mid-market private equity investors are pointing to reasons for optimism. Where else, they ask, can German businesses turn to for funding in this time of need? In June, Philip Borel travelled to Munich to quiz four leading professionals about the way forward for their industry – and found them in a buoyant mood.
10 min read · 08 February 2013
Martin Halusa has outlined his firm’s plans for a world with less leverage in the firm’s second annual report.
1 min read · 08 February 2013
The European Bank for Reconstruction and Development (EBRD) has proposed a €75 million commitment to Chicago-based Heitman’s European Property Partners IV fund. The vehicle is targeting €600m of equity by its final close in September.
1 min read · 08 February 2013
3i has reportedly offered £135m for 13% of Energy Developments’ assets following a 100% acquisition proposal by an Archer Capital-led private equity consortium early this month.
2 min read · 08 February 2013
