Performance
CIC gets a further $50b from Beijing
China Investment Corp. (CIC) has secured an additional $50 billion in capital from the government, having already received a $30 billion late last year.
Chinese PE players continue to go west
Chinese private equity investors are moving west to tap opportunities in the country’s underdeveloped inland provinces, according to a recent study conducted by global management consulting firm Bain & Company and the European Union Chamber of Commerce...
CalPERS criticizes PE industry on tax breaks
Joe Dear, CIO of the California Public Employees’ Retirement System (CalPERS), waded into debate on how private equity is taxed in the US, saying that buyout firm executives “risk becoming the robber barons of the 21st century” if they don’t back...
Australian private equity continues to outperform stocks
Australian private equity continues to outperform the country’s stock markets, according to a research demonstrated by the Australian Venture Capital Association (AVCAL).
Fourth quarter analysis: The end of multiples arbitrage?
Fourth-quarter analysis: Growth capital investments flounder; established GPs thrive in difficult markets; trade and secondary sales fail to pick up the capital markets slack.
CVC’s second Asia fund sees value drop by 10%
CVC Asia Pacific’s second regional fund, which closed in 2005 at $1.975 billion, has reportedly lost 10% of its investment value due to failing portfolio companies such as Australian television network Nine Entertainment.
Australian PE investment at ‘highest level for three years’
Private equity and venture capital firms contributed A$3.6 billion ($3.7 billion) of capital to Australian companies this year, representing the highest amount invested for three years.
Blackstone announces 3Q loss on drop in valuations
The Blackstone Group posted a loss of $341.9 million in the third quarter compared with a $339.3 million profit a year earlier. The disappointing results came as the private equity firm saw an 11% drop in the value of its buyout holdings amid ongoing...
Developed market PE firms outperform emerging market counterparts
Private equity funds targeting developed markets outside of the US outperformed their emerging markets counterparts in the quarter ended March 31, according to indices published by Cambridge Associates. It is only the fourth time since the first quarter...