The $63.9 billion Washington State Investment Board has approved commitments of up to $1.5 billion to four private equity funds focusing on buyouts in the U.S., Europe and Latin America.
The system is committing up to $700 million to the KKR European Fund III, a large-cap, pan-European buyout fund with a target size of €6 billion to €8 billion (US$8.8 billion to US$11.7 billion); up to $750 million to the $12 billion Warburg Pincus Private Equity X fund; up to $25 million to the $1.3 billion Advent Latin American Private Equity Fund IV, which invests primarily in Mexico, Brazil and Argentina; and up to $50 million to the Avenue Special Situations Fund V, a targeted $6 billion distressed debt fund.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...