The $5.64bn infrastructure fund has made another investment in the natural gas sector, this time taking a 50% stake in Chesapeake Midstream Partners, a new gas gathering joint venture in the US.
2 min read · 08 February 2013
The industry is preparing itself for the opportunity of a lifetime. But will the opportunity be as big as everyone believes? By Zoe Hughes
2 min read · 08 February 2013
Sandwiched between China and India, Southeast Asia is fragmented, risky and often bypassed in favour of the more developed private equity markets of its enormous neighbours. But for investors with the right appetite, and managers with the right skill-set, the region presents a uniquely compelling investment case.
10 min read · 08 February 2013
Distressed property owners will be allowed to talk to special servicers about restructuring securitised loans before imminent default without triggering tax penalties. The move has criticised for reinforcing the “extend and pretend” attitude of the financial industry.
2 min read · 08 February 2013
The treatment of unsecured lenders in Europe may have severe repercussions for future liquidity, writes Andy Thomson.
2 min read · 08 February 2013
A group of shareholders in Builders FirstSource allege JLL Partners and Warburg Pincus want to enrich themselves at the expense of other shareholders.
4 min read · 08 February 2013
The Australian investment bank will assist the US territory in formulating guidelines, procedures and methodologies for the programme. The programme was enabled in June by a PPP law that Macquarie managing director DJ Gribbin hailed as ‘one of the best legal structures in the United States’ for PPPs.
3 min read · 08 February 2013
The firm has agreed to buy up to 148 properties from Sunwest, which filed a pre-packaged Chapter 11 reorganisation plan in August. The SEC sued Sunwest for fraud in March after it almost devolved into a Ponzi scheme.
2 min read · 08 February 2013
Private Equity Manager sought out feedback from several different private equity players with regard to 'Private Equity Principles' just released by the Institutional Limited Partners Association. The LP-friendly suggested partnership terms are seen by some non-LPs as less than perfect.
9 min read · 08 February 2013
The EU is still in the process of adapting its controversial Directive on Alternative Investment Fund Managers after a storm of criticism from the affected managers and plenty of disagreement among the member states. In the meantime, here is what private equity firms need to worry about in the current proposal. By Marcia MacHarg, Anthony McWhirter, Philipp von Holst and Ina Maria von Raven of Debevoise & Plimpton
8 min read · 08 February 2013
