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Prudential Capital Partners has completed fundraising for Prudential Capital Partners III with capital commitments totalling USD965m, exceeding its initial fundraising target of USD900m.
Prudential Capital Partners is the middle-market mezzanine fund business sponsored by Prudential Capital Group, a private fixed income investment business of Prudential Financial.
Investors include state and corporate pension funds, fund of funds managers, insurance companies and family offices.
More than 80 per cent of the fund’s investor group participated in Prudential Capital Partners II, which totalled USD775m when it closed in 2005. Prudential Capital Partners’ first fund closed in 2001, totalling USD619m.
“Although this has been
Mark Dalton, Alex Sorokin and Neil Wessan have launched Halsey Lane Holdings to assist lenders-turned-owners of distressed companies in managing and maximising the value of their post-restructuring equity investments.
Halsey Lane combines the principals’ private equity, turnaround, restructuring and capital markets expertise with an offering that is solely focused on maximising recoveries for unnatural owners of equity exchanged for debt as a result of the restructuring process.
“The combination of the credit crisis and the deepest recession since World War II have caused many highly leveraged situations created during the private equity boom of 2004-2007 to default, creating a
Activ Financial, a provider of low-latency market data solutions, has received a minority equity investment from venture capital firm Bessemer Venture Partners.
Activ will use the proceeds to drive new customer acquisition, power continued product innovation and meet the escalating market demand for ultra-low latency market data solutions.
The demand is being fuelled by growth in market data volumes and the move toward co-location facilities to support advanced and profitable global trading strategies.
"We are happy to be able to complete this financing for the clear leader in low-latency market data solutions," says Rob Stavis (pictured), partner at Bessemer
Credit Suisse has appointed Neil Harvey as managing director and head of Asia Pacific and head of emerging markets globally for asset management, effective 1 February 2010.
Harvey (pictured) will be based in Hong Kong and will report to Robert Shafir, chief executive of asset management, and Kai Nargolwala, chief executive of Asia Pacific.
Shafir says: "Developing the Asia Pacific region and building out our global emerging markets’ offerings and clients is core to asset management’s growth strategy across our division and businesses."
Harvey has been involved in investment banking and asset management for over 24 years and has significant knowledge
Bloxham fund manager Pramit Ghose (pictured) is bullish for 2010 and predicts possible double digit total returns as potential for global income stocks rise.
Within our global equity income portfolios we currently hold a basket of high yielding stocks – these range from inexpensive large cap defensive names, including Nestle, Procter & Gamble and Diageo, to large cap high quality cyclical plays like BHP Billiton and US home improvement company Home Depot.
This basket of stocks is currently yielding 4% – but I believe we can grow the dividend stream by 7% or more in 2010. Overall total returns may
Antin Infrastructure Partners has completed its second closing with an additional EUR215m.
Antin IP has raised total commitments of EUR515m, more than half of the fund’s target, from Scandinavian, German and French investors.
Alain Rauscher (pictured), Antin IP’s founder and chief executive, says: “This achievement is the result of clear independent governance, a unique mix of financial and industrial expertise combined with a focused investment strategy on the Eurozone.”
Antin IP has already invested in four companies for an aggregate commitment of EUR240m: Euroports, a portfolio of bulk ports in continental Europe (Luxembourg- based) ; Porterbrook, a rail company in
Franklin Templeton Private Equity Strategy, a private equity portfolio managed by Franklin Templeton Asset Management (India) and advised by Darby Asia Investors (India), has invested up to INR600m in Hyderabad-based GKC Projects.
GKC provides construction services in key infrastructure areas such as roads, irrigation, power (civil portion) and pipelines, and has operations across various regions in India.
The company now plans to execute projects of a larger size and complexity in its existing segments and venture into new areas such as railways and mining.
The funds will be used to execute pipeline projects and enable acquisition of larger projects.
Deepa
The Alternative Investments Conference organised by the London School of Economics private equity society and financial markets group has attracted unprecedented interest among students and financial institutions with over six top-level students competing for each place available.
Despite the fact that the global economy and the financial markets are still recovering from the crisis, interest from top universities and business schools worldwide is stronger than ever.
2009 was marked by one of the worst financial crises since the Great Depression, challenging investors’ confidence in many ways, and having a knock-on effect on recruitment campaigns by asset management companies across the
Red Fort Capital, a private equity real estate firm focused on India, has appointed Raj S. Inamdar as principal.
Inamdar will coordinate the firm’s expansion in areas such as completed asset acquisitions, third-party asset management, side-car ventures and debt financing.
These initiatives will complement Red Fort’s existing investment platform focused on real estate development.
G.B. Singh, chairman of Red Fort Capital, says:"We are delighted to welcome Raj to the Red Fort team. During 2010, we plan to commence fundraising for our second opportunity fund and incubate new ventures that build on our core real estate competencies. Raj’s global and diverse
Saints Capital, a secondary direct investment firm, has appointed Niko von Huetz as director of European investments.
Huetz (pictured) previously worked as investment director and partner at Add Partners, a pan-European, London-based ICT focused venture firm.
Before that he worked with ICG & Partners and was co-founder, VP marketing and business development for Kokua Communications.
He began his career as a manager at strategy consultants Booz.Allen & Hamilton.
"Niko’s venture and investment experience in Europe, coupled with his knowledge in the software, communications and internet services sector, make him a great addition to our team," says Ken Sawyer, managing director
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