News & Analysis

Réal Desrochers, the former head of alternatives at CalSTRS examines the role of distressed debt and restructuring funds in an institutional portfolio.
The turnaround specialist has recruited former GSC Group executive Philip Raygorodetsky to oversee the firm’s third fund, reportedly targeting $1bn.
The governors of Pennsylvania and New Jersey plan to ask the Delaware River Joint Toll Bridge Commission to begin a search for legal and financial advisors for a $310m bridge replacement project on the Delaware River. The commission is expected to seek the advisory services together in one RFP that could be issued later this month.
The Oregon Investment Council has started a new private equity relationship with Blackstone as it contemplates cutting its next commitment to KKR.
The Euronext-listed fund of funds received $129m in distributions in the second quarter as the firm continues its ‘realisation strategy’ of tending to capital calls and not making new commitments.
The European company has taken control of Turkey’s Hedef for a reported £100m, in ‘the first of a number of acquisitions’, according to chairman Stefano Pessina.
The firm has ‘reduced, refinanced or extended’ more than $52bn of debt since 2009, which has helped drive value creation, according to Blackstone executives.
The Steve Schwarzman-led firm, which reported a 35% rise in private equity profits over a six month period, will soon close its global buyout fund.
General Atlantic is exiting its minority position in healthcare management company Qualicorp as Carlyle takes control.
Some LPs mistakenly think they’re committing to outperforming managers, according to a recent white paper.
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