Amanda Janis
From an investigation into ties with sovereign funds to the looming investment advisor registration deadline, the SEC has made clear it will continue to monitor private equity firms closely. But whether or not it has sufficient resources to do so has industry insiders – and even a former SEC chairman – more than a little bit anxious.
Cinven, CVC and Oak Hill have invested a total of $1bn in Dublin-headquartered Avolon, which has also raised $1bn in debt financing.
The firm’s secondary team, which has committed 75% of its $2.9bn Fund VII, has jointly funded the spin-out of a German VC group whose new media portfolio includes some high profile companies like Groupon.
CalPERS has elected to do away with traditional allocation labels, may push for performance-based fees and prohibit private equity advisors from also managing its capital. Is this a sign of something bigger coming over the horizon? And is it a good or a bad thing?
Conrad Yan will lead Campbell Lutyen’s nascent Hong Kong office, which has made three other hires for its Asia Pacific activities.
The Abu Dhabi-backed investment group will pour $500m more into the global private equity firm, which it will use to further expand its business lines.
A Unitas-led consortium will buy hydraulic cylinder manufacturer Hyva, whose sales in emerging markets have soared under 3i’s ownership.
Apax has reportedly beat out rival private equity consortiums to become the exclusive bidder on the world’s fourth-largest employer, which has grown considerably under private ownership.
The Nordic firm is the latest private equity house to add a credit strategy to its platform.
The firm is buying midstream infrastructure assets in Utah and will back future projects in places like the Marcellus Shale, from which it has already profited handsomely.