Zoe Hughes
The US state's $37.6bn national oil fund has launched a $400m fund of funds targeting middle market companies, a departure from its previous private equity programme. It has also made commitments to Goldman Sachs’ and Alinda’s latest infrastructure funds.
The $37.6bn national oil fund has made commitments to Goldman Sachs’ $7.5bn infrastructure fund and Alinda’s second infrastructure vehicle. Alaska has also launched a $400m fund of funds to invest in private equity funds targeting companies valued at less than $1bn.
John Kukral, who was fundamental in building Blackstone’s real estate arm, will target US distressed real estate companies and assets with Northwood, his debut fund. It is based on an evergreen structure, and split into two separate vehicles.
The Greenwich, Connecticut-based private equity real estate firm is building on the success of the W Hotels and St Regis brands by expanding the new Baccarat Hotel label to the Caribbean, Middle East, Europe and Far East. The hotels will all feature Baccarat crystal chandeliers.
The Los Angeles-based private equity firm builds on its knowledge of the renal healthcare system with the acquisition of long-term care company, Covenant Care.
The Los Angeles-based private equity firm builds on its knowledge of the renal healthcare system in the US acquiring long-term care company, Covenant Care. Covenant has 43 nursing homes and three residential care facilities in seven US states.
Donald Trump’s son is reportedly targeting India’s growing middle class with ‘high-end, luxury’ developments. Trump Jr said Mumbai would be his first point of entry into the country. The fund, he said, would start off small but grow as the Trump Organization grew more familiar with India.
The London-based private equity firms are believed to have paid up to £100m for a stake in the British women’s clothes and shoe store, L K Bennett. The store founder, Linda Bennett, will remain a “substantial shareholder”.
Apollo Global Management, Leon Black's investment firm, is recruiting real estate professionals. The move could present a challenge to a seperate firm called Apollo Real Estate Advisors, in which Black owns a minority stake.
Blue Capital, the company jointly owned by Colony Capital and Groupe Arnault, has again increased its stake in French supermarket retailer Carrefour. Blue Capital now holds 12.9 percent of Carrefour. In May, Colony also increased its stake in Europe’s largest hotel owner, Accor.