Saudi Arabia’s PIF, Cain invest $900m in hotelier Aman Group
Saud Arabia’s Public Investment Fund (PIF) and London-based real estate investment firm Cain International said on Monday they had invested $900m in luxury hotel group Aman, which Cain said valued Aman at $3bn. The PIF and Cain said, in separate announcements, the investment would support Aman Group’s “global expansion of ultra-luxury hotels and branded residences.” […]
Canada Pension Plan discloses billions in investments
Canada Pension Plan Investment Board, Toronto, reported a large number of investments and commitments it made in the first and second quarters of fiscal 2023. CPP Investments, which manages the assets of the $406.1bn Canada Pension Plan, said in the fiscal first quarter it closed a C$230m investment in the term loans of Legal Search, […]
Bain Capital Credit announces $2.4B of financing investments for first half 2022
Bain Capital Credit, LP, a leading global credit specialist, today announced that the firm’s Private Credit Group invested $2.4 billion to support the growth of middle market and private equity-backed companies during the first half of 2022. With a track record of investing in middle market private debt dating back to 1998, the Private Credit […]
Carlyle partners with Tillman Global Holdings and commits up to $1B to accelerate investments in US towers
Funds managed by Carlyle’s Global Infrastructure platform have committed up to $1 billion to partner with Tillman Global Holdings to accelerate investments in Tillman Infrastructure, a privately held cell tower platform in the United States. Since its founding in 2016, Tillman Infrastructure has become one of the largest providers of build-to-suit tower assets in the […]
Eurazeo to exit first US investment, will see a 3.1x realized return based on the $1.9B valuation
Eurazeo is announcing a sale of Trader Interactive, valued at $1.9bn corresponding to 25,0x CY 2021 Adjusted EBITDA. With this operation, Eurazeo and its affiliates show a return on a realized basis of 3.1x their original investment. The sale of the 51% stake represents pre-tax proceeds of ~$350m for Eurazeo and its affiliates, of which […]
StepStone closes fifth co-investment fund at $2.36B
StepStone Group Inc, a global private markets investment firm, has made the final closing of StepStone Capital Partners Fund V (SCP V), its fifth dedicated co-investment fund, raising $2.36 billion of commitments. Through SCP V, StepStone seeks to build a diversified portfolio of co-investments alongside leading private equity firms, in select transactions according to their […]
New Warburg Pincus investment values MRL at $2.25B
Warburg Pincus, has agreed to invest $250 million in Montana Renewables (MRL), a renewable fuels business and subsidiary of Calumet Specialty Products Partners (Calumet) in the form of a participating preferred equity security. The investment values MRL at a pre-commissioning enterprise value of $2.25 billion. The preferred equity investment is not interest-bearing and carries certain […]
BlackRock to offer Crypto for Institutional Investors through Coinbase
BlackRock, the world’s biggest asset manager, has formed a partnership with publicly traded crypto exchange Coinbase to make crypto directly available to institutional investors. Mutual customers of Coinbase and BlackRock’s investment management platform, Aladdin®, will have access to crypto trading, custody, prime brokerage and reporting capabilities, according to a blog post Thursday. BlackRock had $8.5 trillion […]
KKR forms strategic alliance with Loop Capital to offer equity research and distribution capabilities
KKR and Loop Capital Markets, a black owned and led investment bank, brokerage and advisory firm today announced a strategic alliance under which Loop Capital could independently offer investment banking and equity research capabilities to KKR’s equity capital markets (ECM) clients, which include private companies and private equity sponsors. The ability for Loop Capital to […]
Carlyle and GIC invest in Eneus Energy
Global investment firm Carlyle and GIC have invested in a green ammonia project development company Eneus Energy Limited (Eneus) to support the development of a 14GW-plus pipeline. Eneus is amongst a small cohort of first movers for industrial scale production plants in a global market for green ammonia and/or green hydrogen that is forecast to […]
