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Private equity fundraising gets more crowded

Posted on 16 July 2012 by admin  |  Email |Print

The number of private equity funds seeking money from investors reached an all-time high in the second quarter, while those which completed fundraising hit a record low, according to data released by market research firm Preqin.
Tighter deal financing and an economic slowdown have made it more challenging for private equity fund managers to deliver outsized returns for investors, who have become more picky when it comes to tying up their money for an average of 10 years. ……………………………………….Full Article: Source

Private equity goes prospecting in emerging markets

Posted on 16 July 2012 by admin  |  Email |Print

Somewhat insulated from the recession anxieties and sovereign debt default fears that gripped the developed markets, fast-growing emerging market economies from Asia to Latin America continued to beckon global private equity investors.
General partners (GPs) continued to flock to healthier macroeconomic climates and booming regions like Greater China, Southeast Asia, and the Indian subcontinent seeking investment opportunities……………………………………….Full Article: Source

Australia: Private equity’s healthy interest in health-care sector

Posted on 06 July 2012 by admin  |  Email |Print

Like many other developed countries, Australia faces an aging population, more obesity and higher cancer rates, and is spending more to tackle those problems. The government spent $5,479 per person on health care in the fiscal year that ended June 30, 2010, the latest figures available, up from $4,710 four years earlier.
That money is flowing to a wide range of health-care providers as the government turns to private companies to treat patients under Australia’s Medicare system. Genesis Care operates services for cancer and cardiovascular diseases in state-funded and private hospitals and seeks to benefit from the increased government spending. It plans to open more private clinics that offer quick access to treatment. ……………………………………….Full Article: Source

Islamic private equity investments in Malaysia to quadruple to US$3.1bln

Posted on 06 July 2012 by admin  |  Email |Print

Islamic private-equity investments are poised to quadruple in Malaysia to US$3.1bil (RM9.7bil) in five years on government incentives, according to the industry’s biggest fund manager.
CIMB Islamic Bank Bhd, which oversees RM1.7bil of funds that invest in unlisted companies, was handling more cash for state institutions and benefiting from tax exemptions on fees until 2016, Kuala Lumpur-based chief executive officer Badlisyah Abdul Ghani said in an interview. Syariah-compliant regulations and fund-raising options were developed enough to support growth in the market, which had about RM2.5bil in assets, he said. ……………………………………….Full Article: Source

China may let asset managers invest some funds in private equity

Posted on 06 July 2012 by admin  |  Email |Print

China plans to allow asset management companies to invest in private equity with funds from their special-asset management units. The plan is meant to prompt private investment in unlisted companies’ stocks and debt, according to a statement posted on the China Securities Regulatory Commission’s website.
The nation plans to remove allocation restrictions for special accounts’ securities investments. The funds aren’t currently allowed to buy a single stock exceeding 20 percent of their planned net asset value or a single non-stock security exceeding 10 percent. ……………………………………….Full Article: Source

Carlyle’s Sunoco deal casts glow over private equity

Posted on 06 July 2012 by admin  |  Email |Print

Private-equity shops have been portrayed as villains this year in the run-up to the presidential election. But today, Carlyle is being cast something of an American hero in its deal to take over a Sunoco refinery in Philadelphia.
Republicans and Democrats alike have taken shots at the background of Mitt Romney, the presumed Republican candidate and the former head of Bain Capital. While Romney has touted his experience as a job creator, critics have tried to lambast the private-equity industry as job destroyers………………………………………..Full Article: Source

Middle Eastern private equity fund seen expanding in SE Asia

Posted on 06 July 2012 by admin  |  Email |Print

Abraaj Capital—a private equity fund that counts Middle East royal families and high net worth individuals and sovereign funds as investors—is exploring more investment opportunities in Southeast Asia, including the Philippines.
Abraaj Capital established its presence in Southeast Asia with the acquisition of Aureos Capital, which has become the platform for its investments in small and medium enterprises. ……………………………………….Full Article: Source

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