Fundraising

Going public requires significant investment in your finance, admin, and IR teams, as KKR’s preparations for its public listing show, writes Jennifer Harris.

The Dutch infrastructure manger held a second close in August on Dutch Infrastructure II after collecting €220m and is looking to hold the third close by the end of October. New investors include Dutch life insurer Achmea and Swiss alternative asset manager Partners Group.

Songbird Estates, the London office company in which Morgan Stanley Real Estate has a stake, has announced a major fundraising to help pay back a loan.

With the second investment from Carlyle Asia Partners III - which has so far garnered $2.1 billion in commitments - the firm has become the latest buyout group to target China's dairy sector.

Private equity infrastructure funds have long used different structures than their traditional private equity peers.The asset class provides some intriguing examples of the benefits and drawbacks of some innovative models, among them the open-end fund structure.

Funds committed in 2007 ‘have to be sensibly reduced in 2009’, according to the new head of the European buyout house, Lionel Zinsou.

Blackstone’s chairman has told the SEC a firm like his would never have reached its level of success, which directly benefits pensioners, without placement agents.

The secondaries firms have established a £170m fund to acquire assets from 3i that will be managed by DFJ Esprit's nascent secondaries arm, Encore Ventures.

Michael Ricciardi, Enrique Cuan and Alan Pardee will lead the 24-strong team for Mercury Capital, which will raise private equity, private equity real estate and infrastructure funds globally.

A California political ethics commission is investigating CalPERS board member Charles Valdes, who received $38,600 in campaign donations linked to Alfred Villalobos' placement firm.