Sovereign funds may have biggest impact on alternative assets
Reuters- Sovereign wealth funds, which control up to $3.7 trillion in assets and have been making headlines as they buy assets in the West, will ultimately have the biggest impact on private equity and...
View ArticleChina’s Safe to invest $2.5bn in TPG fund
Financial Times – China’s State Administration of Foreign Exchange has agreed to invest more than $2.5bn in the latest TPG fund, in what could be the largest commitment ever made to a private equity...
View ArticleCerberus raising funds to buy distressed assets
Reuters- Private equity firm Cerberus Capital Management is starting a new fund to invest in assets it thinks have been driven down too low by the credit crisis, Chairman John Snow told Reuters on...
View ArticleShareholders Approve $7.2 Billion WaMu Bailout
New York (HedgeCo.Net) – A $7.2 billion bailout package was approved Tuesday by 94% of Washington Mutual Shareholders in a move that gives private equity firm TPG control of over 50% of the company,...
View ArticleCarlyle Group to invest 87 mln usd in Chinas Sinorgchem
Quamnet.com – Private equity firm Carlyle Group said it has agreed to invest 87 mln usd in Shanghai-based chemical company Sinorgchem (Group) Co. Sinorgchem is the largest Chinese supplier of...
View ArticleCerberus’ Snow Compares Fannie, Freddie To Hedge Funds
FINalternatives- It’s not the first time “hedge fund” has been used as an epithet, but a former U.S. Treasury chief is using the H.F. words to describe mortgage giants Fannie Mae and Freddie Mac. The...
View ArticleKKR Aims to Catch Blackstone With Offering, New Funds
Bloomberg- Henry Kravis is taking KKR & Co. public and moving into real estate and stock funds as he tries to catch up with Stephen Schwarzman’s Blackstone Group LP, the world’s largest...
View ArticleAlan Schwartz Plans Exit from JPMorgan
New York (HedgeCo.Net) – Alan Schwartz, former Bear Stearns CEO, has decided to leave JPMorgan and pursue other ventures. “With most of the work on the merger integration behind us, Alan will be...
View ArticleCarlyle Group to Liquidate Hedge Fund
New York (HedgeCo.Net) – The private equity firm Carlyle Group will liquidate its lone hedge fund, after stating that it failed to achieve “critical mass.” The fund, Carlyle-Blue Wave Partners...
View ArticleFulcrum Group Combines $100bln unit to serve 1000 hedge funds
West Palm Beach (HedgeCo.net) – Fulcrum Group, a leading global administrator for hedge funds and the alternative asset management industry, backed by global private equity firm, 3i, and Butterfield...
View ArticleHedge Fund Business Lifts Profit for Blackstone
New York Times – The Blackstone Group may be best known as an immense private equity firm, but the firm’s earnings report on Wednesday made it clear that Blackstone has been buoyed by its hedge fund...
View ArticleHSBC denies new deadline for $6.3 billion KEB deal
Reuters – HSBC Holdings on Thursday denied a South Korean media report saying it had agreed with U.S. private equity firm Lone Star to set a new deadline for a $6.3 billion deal for control of Korea...
View ArticleBlackstone: $5 billion limit for LBO bank financing
Reuters – Private equity firm Blackstone Group LP’s chief operating officer said on Tuesday that the limit on bank financing for leveraged buyouts was about $5 billion. But COO Tony James said there...
View ArticleAfrica attracting new private equity interest
Business Day – Private equity firm Actis says equity funds have embraced investing in Africa because many governments have instituted market reforms which are creating opportunities for brave investors...
View ArticleWall Street CEOs Bag $3bn During Toxic Securities Build-Up
Here Is The City – Bloomberg reports that CEOs at Wall Street’s top five securities house earned a staggering $3bn between them from 2003 and 2007, during the time when the subprime and toxic...
View ArticleCredit Crunch Rocks Bain, as Funds Fall Up to 50%
Wall Street Journal – Some high-profile Bain Capital credit-investment funds are choking on losses of as much as 50%, said people familiar with the matter, the latest revelation in a day of shake-ups...
View ArticleHedge funds find silver lining in crisis
Norwalk Advocate – Crisis can create opportunity, and for the smart hedge fund operator, the downturn gripping the global investment community is a chance to build a respected reputation in the...
View ArticleDuff Puts Plans on Hold as Hedge Funds Suffer
New York Times Blogs – Duff Capital Advisors has recently laid off dozens of its employees and is holding off on its plans to raise as much as $1.5 billion just eight months after the hedge fund firm...
View ArticleHedge Funds Relunctant About PBL Media Refinancing
New York (HedgeCo.Net) – Private-equity firm CVC Asia Pacific, who owns 75 percent of PBL Media, is trying to prevent the company from defaulting on its $4.3 billion in debt, according to the Asian...
View ArticleCarlyle Group To Launch New Fund with $14 Billion
New York (HedgeCo.Net) – At a time when many hedge funds are experiencing their worst year to date, private equity firm The Carlyle Group is launching a new fund with around $14 billion in capital....
View ArticleLee Sustains Losses, May Shut Down Two Hedge Funds
New York (HedgeCo.Net) – Hedge fund investor Thomas H. Lee may downsize or shut the door to two of his funds after posting losses of about 40 percent this year, according to the Wall Street Journal....
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