The New York-based firm has closed its Apollo Value Enhancement Fund VII, bringing its value-added investment fund series to $2.7bn in total committed equity.
The Bahrain-based investment firm is investing in China’s alternative energy sector through its joint venture with India’s Tanti Group. The deal is Arcapita’s first in China.
With so much of the mainstream press bemoaning the decline in m&a activity and the lack of big deals for private equity firms, it is heartening to hear of those pursuing alternative strategies for making money.
The ratings agency has highlighted the need for strong management that can manage liquidity in a new report.
The UK government-backed emerging markets fund of funds has invested in Africa Capital Alliance, one of six private equity funds to receive $150m from the firm.
Tishman Speyer has reportedly bought out its 50 percent joint venture partner in TSI Ventures, giving the US firm full control of the business.
The private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson has hired former IHP Capital Partners senior vice president and controller Johnna Howard as the firm’s new CFO.
Mark Preston succeeds Jeremy Newsum as chief executive officer of British property group Grosvenor, owned by the Duke of Westminster. Preston was former head of the firm’s UK operations and fund management business.
Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
The Boston-based real estate investment firm appoints former Invesco executive Ben Maudling to lead its operations in Central and Eastern Europe. Taurus president Peter Merrigan says the firm is also planning new offices in Peru and Greece.
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