News & Analysis

The private equity firm has purchased a 40% stake in the country’s second largest healthcare services company, Medical Park.

The departure of TCW’s chief investment officer Jeffrey Gundlach has triggered a key man clause in its PPIP fund, according to the US Treasury.

The Cairo-headquartered private equity firm has trimmed its stake in cement platform company ASEC, selling stakes to one of its LPs.

US House Ways and Means Committee chairman Charles Rangel has introduced the Tax Extenders Act of 2009, which would tax carried interest as ordinary income rather than capital gains. Similar tax plans have come up short in the Senate.

The Zurich-headquartered firm has teamed with Chinese investment company Dalian United to set up China’s first private equity fund of funds manager.

The buyout firm has underwritten its portion of the deal entirely with equity, and will look to put a debt package in place before it completes in 2010.

Asia’s association for unlisted real estate vehicles will adopt the “ready-made” framework used by INREV, which will help the sector be more transparent and become better governed, according to Nick Loup, chairman of ANREV and chief executive officer of Grosvenor.

Gary Lachman of Lachman & Yeniaras explains the fund structures that work best for managers looking to take advantage of Turkey's strong real estate market.

A survey by the European industry body, INREV, revealed funds of funds managers invested just €75m in the first nine months of 2009 – down from €2.2bn in 2007. Secondaries, though, will be more important in 2010.

House Ways and Means Committee chairman Charles Rangel today introduced the Tax Extenders Act of 2009, which would tax carried interest as ordinary income rather than capital gains. Similar tax increase proposals have previously come up short in the Senate.