Sunday, 21 December 2014
Last updated 1 day ago
Jul 19 2010 | 1:00pm ET
AlpInvest Partners is for sale, and the Blackstone Group is very interested.
Europe’s largest private equity investor put itself up for sale two weeks ago after one of its flagship investors, the Dutch pension fund manager PGGM Investments, called into question its future relationship with the money manager. While the firm is still expected to be sold to its management team, led by CEO Volkert Doeksen, Blackstone is also regarded as a strong bidder, Financial News reports.
AlpInvest has received expressions of interest from several institutions, according to FN, among them are other asset management firms and sovereign wealth firms. The auction of AlpInvest is being run by Credit Suisse Group.
AlpInvest currently boasts €46 billion in commitments from its pension fund clients.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.