Sunday, 21 December 2014
Last updated 11 hours ago
Dec 23 2010 | 10:09am ET
The Carlyle Group is moving towards a deal to buy Europe’s largest private equity investor, a move that could increase its assets under management by about 50%.
Amsterdam-based AlpInvest Partners put itself up for sale this summer and is now in talks with Washington, D.C.-based Carlyle. According to published reports, a deal is not imminent but could be reached in the first quarter.
AlpInvest has some €40 billion in assets under management; Carlyle has almost US$100 billion. The latter is preparing to go public sometime in 2012.
AlpInvest is owned by APG, the asset manager for the giant Dutch pension ABP, and PGGM Investments. PGGM’s questioning of its future relationship with AlpInvest pushed the manager to put itself up for sale.
In July, it was reported that the Blackstone Group was very interested in buying AlpInvest and was considered a strong potential bidder. At the time, it appeared likely that the firm’s management would buy it.
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.