Sixth Street to back Catlin insurance start-up with $500m funding
Industry veteran’s Convex has now raised over $3bn as it seeks to shake up sector. US investment firm Sixth Street is putting $500m into Convex, a commercial insurance start-up launched by industry veteran Stephen Catlin, who has now raised over $3bn to challenge the status quo in the sector. Mr Catlin launched Convex two years […]
Eight Roads promotes Aditya Systla to partner post
Eight Roads Ventures India and Southeast Asia, which is part of Fidelity-backed global investment firm Eight Roads, on Tuesday said it has elevated Aditya Systla to partner position. Systla, who had joined Eight Roads in 2015 as an associate, is the fourth partner at the firm in India, said Eight Roads in a statement. He […]
KKR closes first Asia Pacific real estate fund at $1.7 billion
U.S.-based investment firm KKR & Co said on Thursday it had closed its first fund targeting real estate investments in Asia Pacific at $1.7 billion. The announcement comes days after KKR closed its inaugural Asia infrastructure fund, as the private equity powerhouse expands its platforms in the region. John Pattar, KKR head of real estate […]
KKR Expands Real Estate Industrial Portfolio in Phoenix with a New Acquisition
KKR, a leading global investment firm, today announced the acquisition of a 263,000 square foot industrial distribution property in Goodyear, Arizona. Strategically located in close proximity to the I-10 interstate highway, a major cross-country trucking artery, the property increases KKR’s industrial real estate footprint in the Phoenix, Arizona metropolitan statistical area (MSA) to over two […]
KKR Raises $3.9 Billion in Biggest Asia Infrastructure Fund
KKR and employees contribute $300 million to new fund. Firm boosted target from $3 billion, stopped raising at cap. KKR & Co. raised $3.9 billion for its first Asia-Pacific infrastructure fund, amassing the largest pool of cash in the region for investments in everything from waste management and renewable energy to communication towers. In the […]
Advisor Group, Cetera Face Heavy Debt, Big Risks
Credit agencies say these firms’ debt loads weigh on their ratings. But the firms say it’s a strategy they can manage. As ultra-low interest rates, a challenging economy and fee pressure weigh on the financial services industry, broker-dealers Advisor Group and Cetera Financial Group face magnified risks, according to credit ratings agencies and recruiter Jon […]
EQT fund joins race for steering wheel of £2.5bn FirstGroup’s US wing
EQT Infrastructure and KKR are among the remaining bidders for First Student and First Transit, Sky News understands. An infrastructure fund run by one of Scandinavia’s most powerful private equity firms has joined the race for the £2.5bn US operations of FirstGroup, the London-listed transport operator. Sky News has learnt that EQT Infrastructure tabled an […]
Pack of private equity bidders circle £400m KPMG restructuring arm
ICG and Towerbrook are among the prospective bidders for the big four auditor’s restructuring business, Sky News learns. A heavyweight pack of private equity firms is circling the big four auditor KPMG as it prepares to offload its restructuring operations in the UK. Sky News has learnt that Intermediate Capital Group (ICG) and Towerbrook Capital […]
