Allocations
All lights turned green for Hedge funds after a difficult start to the month. All strategies ended the week in the black pushing the Lyxor Hedge Fund index higher, however, the index remains negative at -0.2 per cent month to date. Earlier in May, the higher volatility regime exhibited by several asset classes impacted hedge funds negatively.
An affiliate of Fortress Investment Group is to become co-manager with Mount Kellett Capital Management of the Mount Kellett investment funds and related accounts (the funds).
Mount Kellett affiliates will continue to serve as general partner of the Funds. Additionally, affiliates of Fortress will become special limited partners of the Funds. Financial terms of the transaction were not disclosed.
The strategic alliance between Mount Kellett and Fortress brings together teams with significant special situations experience and sector specific knowledge, particularly in credit and global real estate. Mount Kellett will benefit from the scale and resources contained within the institutional framework of Fortress, a global
Baring Private Equity Asia is to acquire a majority stake in Vistra Group from IK Investment Partners’ IK 2007 Fund. The Vistra Group management team will continue to hold a significant shareholding in the Company after completion.
The completion of the transaction is subject to regulatory approvals. The parties have agreed not to disclose the financial terms of the transaction.
Baring Asia is one of the largest and most established independent private equity firms in Asia and advises funds that manage more than USD9 billion in committed capital. The firm runs a panAsian investment program, sponsoring management buyouts and providing
Stephen Yates examines Preqin’s latest data on wind power deals, including aggregate deal value, average deal size and the most prominent regions for wind power deal activity.
Preqin’s Infrastructure Deals module on Infrastructure Online includes extensive information on over 11,200 completed transactions in infrastructure assets globally. These deals encompass a wide variety of investors, ranging from infrastructure fund managers and direct institutional investors to developers, contractors and other industry-specific trade investors. Over 8,100 infrastructure transactions have been completed since 2006, worth an estimated deal value of approximately USD1.8 trillion. Renewable energy is a prominent sector within the asset class, with
A Fitch Ratings analysis of three of the largest US alternative investment managers shows that each firm should be able to sufficiently cover outstanding debt obligations, including 30-year bonds, under a 10-year runoff scenario.
This would be achieved through fee-related cash flows and discounted asset realisations.
The runoff analysis complements Fitch's standard, going-concern evaluation of alternative investment managers, which takes into account franchise strength, management quality, performance strength and ability to continue to raise additional assets under management.
In Fitch's opinion, The Blackstone Group, LP (Blackstone, A+/Stable) has the most flexibility when it comes to debt repayment under the runoff
D E Shaw Renewable Investments and Bright Plain Renewable Energy (BPRE) have acquired two solar projects with a combined capacity of 7.1 MW-DC located in Indianapolis, Indiana.
The projects were developed by Community Energy, Inc (CEI) and acquired by an affiliate of DESRI in partnership with BPRE. The sites are located on industrial property owned by Citizens Energy Group (Citizens), including a former monofill landfill.
groSolar will serve as the engineering, procurement, and construction contractor for the projects, and provide operations and maintenance services to the facilities once they are operational later this year. The projects are expected to produce
Alternative investments firm QIC has formed a USD764 million (AUD1 billion) Asia-Pacific infrastructure partnership with the California Public Employees' Retirement System (CalPERS).
The partnership represents CalPERS' first Asia-Pacific infrastructure commitment and adds another of the world's largest pension funds to QIC's infrastructure client base. Under the terms of the arrangement, QIC will source, create and manage a portfolio of Asia-Pacific infrastructure assets for the partnership.
Ross Israel, Head of QIC's Global Infrastructure says: "We are very pleased to have entered into this partnership with a pension fund of CalPERS' stature and for an investment mandate of this scale. CalPERS has
Some fund managers are passing up European investment opportunities in a bid to steer clear of the Alternative Investment Fund Managers Directive (AIFMD), according to a panel of experts at the Guernsey Funds Forum 2015.
The event was held in London last week and attracted more than 500 attendees to listen to keynote speaker Guy Hands and two panel sessions. The first of those was titled ‘meeting the needs of European private equity’, including a focus on Base Erosion and Profit Shifting (BEPS) and the Alternative Investment Fund Managers Directive (AIFMD).
Tim Hames (pictured), Director General of the British Private
Glilot Capital Partners, an Israel-based venture capital fund investing in early-stage enterprise software start-ups, has held the closing of a USD77 million fund, Glilot II.
The firm’s second fund was raised on the successful track record of the firm's first fund, Glilot I, which has had three exits to date and distributed significant profits to its investors since its inception less than four years ago.
Glilot I, was founded in 2011 by Kobi Samboursky and Arik Kleinstein, was a $30 million fund that invested in eight companies. Among its investments are Aorato (acquired by Microsoft), Insightera (acquired by Marketo) and
CIT Corporate Finance served as Administrative Agent on a USD40 million senior secured asset-based revolving credit facility for TowerBrook Capital Partners, a private equity firm.
The financing was used to facilitate the acquisition of a majority stake in J.Jill, a vertically integrated, multi-channel retailer of women’s apparel, accessories and footwear, from an affiliate of Arcapita Bank BSC, an international investment firm. Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT.
The J.Jill brand and focused product is designed for women who lead rich, full lives and is recognised for style, comfort and quality. With a strong
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
