Sunday, 21 September 2014
Last updated 1 day ago
Sep 13 2007 | 11:42am ET
One private equity fund is making its investors a happy bunch: Baar-Zug, Switzerland-based Partners Group has held a final close on its latest vehicle, Partners Group Global Value 2006, at €400 million (US$554.5 million), and is already cashing out on some of its investments.
The fund will implement a relative value strategy to invest in direct, secondary and listed p.e. investments. To date, the fund is already 39% invested, according to the firm, and will soon begin to distribute its proceeds to investors.
The distributions will predominantly result from exits in its secondary portfolio, including a multiple of 4.5x achieved on an investment in a company specializing in the global research laboratory industry as well as a 3.9x multiple received from an investment in a computer network services company. Additionally, one of its direct investments, Paris Re, a reinsurance company, has filed for an initial public offering.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.