Firms and Funds

NEW YORK (Reuters) – KKR Financial Holdings LLC (KFN.N: Quote, Profile, Research, Stock Buzz), a publicly traded debt fund managed by private equity firm Kohlberg Kravis Roberts & Co, said on Monday it will not pay a third-quarter dividend, and arranged for more time to pay off its borrowings. The company also said on a […]

American Capital is the latest “public” private equity firm to probably wish it was a bit less transparent. The firm today reported a $548 million loss in the third quarter, and suspended its dividend for the rest of the year. Moreover, its ailing counterpart European Capital has lost so much stock price value that American […]

(Reuters) – Private equity firm SVG Capital Plc said on Monday that deterioration in the global economic environment and in public company comparable earnings multiples are likely to hit the valuation of the company’s portfolio at year-end. SVG said current market conditions have affected exit opportunities, and it does not expect a significant level of […]

LONDON (Reuters) – London and New York-based private equity firm TowerBrook Capital Partners said on Monday it has closed its third fund, having raised a total of $2.8 billion of capital from existing and new investors. Towerbrook, which specialises in complex, distressed and special situations deals, started fund raising in December last year with an […]

AMSTERDAM (Reuters) – Lehman Brothers Private Equity (LBPE.AS: Quote, Profile, Research, Stock Buzz) said its net asset value fell 6.7 percent in the first 10 months of 2008, losing 3.2 percent in October alone as the fund’s outlook remained cautious given persistent market volatility. The private equity fund said net asset value at Sept. 30 […]

(Reuters) – Less than a month after walking away from Wachovia Corp, Citigroup Inc is in discussions to acquire another U.S. bank, the Wall Street Journal said, citing people familiar with the situation. The target’s identity could not be determined, the paper said, but added that it was a regional bank that overlaps geographically with […]

NEW YORK, Nov 9 (Reuters) – Blackstone Group’s (BX.N: Quote, Profile, Research, Stock Buzz) stock could drop even more than it has to date if the company’s assets were marked to market, Barron’s reported on Sunday. The financial weekly said the company seems to be maintaining “overly generous values” on its private equity and real-estate […]

By Phil Wahba NEW YORK, Nov 9 (Reuters) – The worst drought in decades for the U.S. initial public offering market has shown that companies in all sectors are struggling to go public. But financial companies — from private equity firms to banks and insurers — are experiencing a particularly bumpy road. The few waiting […]

Below, four previously unreported updates on the fundraising efforts of VC and PE funds, based on regulatory filings. Alinda Capital Partners, based in New York, has raised $1.63 billion toward its new, $3 billion infrastructure fund. peHUB first reported the fundraising in August, noting its proximity to the firm's first infrastructure effort. The fund has a $3 billion target, the size of its first effort, with a $5 billion hard cap. Citigroup and PTP Securities are the serving as placement agents. New Silk Route Private Equity has raised $1.34 billion for New Silk Route PE Asia Fund LP, according to a regulatory filing. The private equity firm, based in

BEIJING (Reuters) – China’s cabinet has given approval for insurers to buy equity in private firms in an effort to widen their investment channels, the industry regulator said on Friday. “The State Council recently gave its permission for insurance firms to invest in equity stakes of non-listed companies, and the China Insurance Regulatory Commission is […]