In a letter to LPs, firm founder Leon Black revealed that several funds are now reporting positive or flat unrealised performances after dramatic write-downs earlier this year.
2 min read · 08 February 2013
The European Central Bank has become the latest influential group, including the UK Financial Services Authority and London mayor’s office, to raise concerns in the past week about the negative consequences that proposed regulations could have on Europe’s private equity industry.
4 min read · 08 February 2013
The close brings to life the second availability payment-based transportation infrastructure project in the United States. In the end, ten banks provided $341m in senior loans toward the $903m project. Equity investors Meridiam and Bouygues contributed $80m.
4 min read · 08 February 2013
A buyer of company debt will have to prove that they are undertaking a 'genuine company rescue' in order to avoid paying taxes on cancellation of indebtedness income.
2 min read · 08 February 2013
The 'realignment of interests' was a theme repeatedly raised at the London conference Wednesday, with one investor noting LPs, too, must increase transparency.
2 min read · 08 February 2013
The distinction between distressed debt investing and running a lending business remains unclear after a recent IRS memorandum.
2 min read · 08 February 2013
Jacqueline Brady, Margaret Blakely, Brent Morris and five others have joined Urdang as part of the firm’s push into real estate debt. The team will help advise two multi-billion dollar Capmark funds.
1 min read · 08 February 2013
As stakeholders discuss what to do with the firm’s suspended €3bn 2008 fund, Candover has lost control of laboratory business ALcontrol to GSO Capital.
2 min read · 08 February 2013
Why smart data management is essential for general partners, portfolio companies, investors and regulators. By iLevel Solutions
9 min read · 08 February 2013
Prudential Real Estate Investors was one of only two private equity real estate firms to survive the RTC intact, becoming – in time – one of the world’s largest real estate investment managers. Despite its global heft though, chief executive officer Allen Smith believes the firm is as nimble, and flexible, as any boutique operation. PERE Magazine October 2009
10 min read · 08 February 2013
