TPG Growth, the middle market and growth equity investment platform of global private investment firm TPG, has reached a final close for TPG Growth Fund III with more than US$3 billion in capital commitments. The fund, which surpassed its initial target of US$2.75 billion, has an investor base including public… Read More
Global alternative asset manager The Carlyle Group has sold its remaining 5.24 percent stake in China-based home appliance manufacturer Haier Electronics Group for HKD3.3 billion (approximately US$424.4 million). Carlyle sold 140 million shares at HKD23.50 (approximately US$3.03) per share on the Hong Kong Stock Exchange. The firm initially invested in… Read More
Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in emerging markets, has reached a first close for Bamboo Financial Inclusion Fund II with US$31 million in capital commitments. Investors in the first close included financial services company TIAA-CREF and asset management company… Read More
Global energy-focused private equity firm Denham Capital has sold its stake in Fotowatio Renewable Ventures (FRV), a global solar development company with a portfolio spanning Australia, the Middle East, Africa and Latin America, to Abdul Latif Jameel Energy and Environmental Services, the energy and environmental services arm of Saudi Arabia-… Read More
Investment company Sustainability | Finance | Real Economies (SFRE) has reached a first close with US$40 million in capital commitments for SFRE Fund, an open-ended impact fund focusing on the financial sector. The fund seeks to invest globally in banks that deliver sustainable economic, environmental or social impact. Investors included… Read More
Cordiant Capital, a fund manager specializing in emerging markets investments, has reached a final close on its emerging markets-focused debt vehicle Cordiant Emerging Loan Fund IV with US$350 million in capital commitments. Investors included pension funds and insurance companies. The fund will focus on senior secured loans and has a… Read More
Over the last six months, crude oil prices have fallen from over US$100 to less than US$50 per barrel. While the macroeconomic effects of this decline—falling commodity prices, currency volatility, trimmed economic growth forecasts and more—are far-reaching and varied, particularly in emerging markets, the effect of this drop on the private… Read More
Erik Bethel, Managing Director, Darby Private Equity Over the past several months, no news has garnered more attention than the spirited decline in the price of oil and its effects on trade, markets and politics. Naturally, oil’s tumble has affected the markets in which Darby operates, as well as our… Read More
Richard Rincon, Investment Officer, EM PE, UTIMCO The recent decline in oil prices has had a mild positive effect on our overall portfolio primarily thanks to overall geographic and sector portfolio diversification. Over the medium- and long-term, we believe the majority of our portfolio will end up benefiting… Read More
QIC, a global diversified alternative investment firm, has announced that its QIC Global Infrastructure Fund has secured initial capital commitments totaling US$528 million from four institutional investors. The investors included an Asian sovereign wealth fund and an Australian pension scheme. The fund will seek infrastructure investment opportunities in markets around… Read More
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