Blackstone Group LP(BX.N) has three commitments so far to the yuan-denominated fund it is raising in China, it said on Thursday. Blackstone announced plans in August to launch a 5-billion-yuan ($732 million) fund to invest primarily in the city of Shanghai. The size of the fund is limited under Chinese law to that size, Blackstone has said.
David Bonderman, co-founder of giant private equity firm TPG [TPG.UL], said on Thursday that regulators are accelerating bank failures by limiting private equity firms' ability to buy into and reorganize struggling banks.
(Reuters) - Fortress Investment Group LLC (FIG.N), one of the world's largest publicly traded alternative asset managers, said its assets under management shrank by almost 1 percent during the fourth quarter as client redemptions totaled over $1 billion.
(Reuters) – Mexico’s pension funds will take a $200 million stake in a fund that invests in private equity in the coming days, those involved in the deal said, as the risk-shy funds search for bigger returns. Roughly half of the country’s private pension funds, known as Afores, will be involved in the transaction that […]
Private equity giant Kohlberg Kravis Roberts & Co (KKR.AS) said on Thursday it could not predict the timing of its long-sought New York Stock Exchange listing, but it would move as promptly as practical.
Salo Aizenberg has joined Hauppauge, N.Y.-based lender Westbury Partners as Managing Director. He was previously a Managing Director at Global Leverage Capital. Westbury's current fund will be focused on mezzanine investments.
Paul Ahlstrom has left vSpring Capital, a Salt Lake City-based venture capital firm he co-founded, according to VentureWire. He plans to launch a new firm n Mexico. vSpring will not add a new managing director to replace him on its $162 million third fund.
BOSTON (Reuters) – Fortress Investment Group LLC (FIG.N), one of the world’s largest publicly traded hedge fund and private equity fund firms, reported a smaller quarterly net loss and said assets climbed as it took in new money from investors. Fortress, which went public three years ago, said its net loss attributable to Class A […]
NEW YORK (Reuters) – Private equity giant Blackstone Group (BX.N) on Thursday said earnings rose sharply from a year ago, beating analysts’ estimates, driven by increased performance fees and improved valuations of its portfolios. Blackstone’s fourth-quarter economic net income (ENI) was $329 million, compared with a loss of $764 million a year earlier. For the […]
Genband, a Plano, Texas-based provider of IP infrastructure solutions, has agreed to buy most of the assets of Nortel Networks' carrier VoIP and applications solutions businesses, for approximately $282 million. Genband is being backed on the deal by existing shareholder One Equity Partners. Genband had originally been named stalking horse bidder for the assets, and no other suitor emerged.