Friday, 19 September 2014
Last updated 16 hours ago
Mar 27 2008 | 9:30am ET
Sydney, Australia-based Pacific Equity Partners has raised A$4 billion (US$3.6B) for its fourth private equity fund.
The fund, PEP Fund IV, which will invest in companies with principal operations in Australia or New Zealand with an enterprise value of at least A$300 million, is more than three times larger than any previous Australasian private equity fund, according to the firm.
“In the current environment, a fund of this size is necessary to address deals much above A$300 million in size,” said Rickard Gardell, founder of the firm. “The scale of our fund is ideal for providing vendors with a dependable one-stop solution and very positive for banks who are looking for an uncompromising credit record and big funds in reserve to support investments.”
Pacific Equity Partners was founded in 1998 and currently has over $4.5 billion of funds under management.
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.