Private Equity & Private Capital News

US private equity major Carlyle Group is to sell Cogentrix Energy, one of the largest portfolios of natural gas power plants in the US, to Houston-based PE firm Quantum Capital Group, which specialises in energy investments, for $3bn, according to a report by the Financial Times.

At the same time, “the interest rate spike has raised the stakes of holding an asset longer,” says Bain & Co.

The failures to plan could be contributing to more consolidation in the asset management industry, according to a new report.

BNP Paribas macht Ernst: Die französische Bank verhandelt mit Axa über einen Kauf der Vermögensverwaltungssparte Axa Investment Managers. Sollte der Deal über die Bühne gehen, müsste BNP Paribas einen Milliardenbetrag berappen.

UK financial services firms Phoenix Group and Schroders are to launch of a new private markets investment manager, Future Growth Capital (FGC), which will aim to deploy up to £2.5bn over three years from Phoenix Group, with an initial £1bn commitment.

Goldman Sachs Asset Management’s alternative investments platform Goldman Sachs Alternatives announced today a $440 million strategic investment in renewable power company BrightNight, with proceeds aimed at supporting the company’s independent power producer (IPP) business model and the buildout of its utility-scale portfolio across the U.S.

Planon, der weltweit führende Anbieter von Software für intelligentes nachhaltiges Gebäudemanagement, freut sich, eine Erweiterung seiner strategischen Partnerschaft mit Schneider Electric, dem Marktführer für die digitale Transformation von Energiemanagement und Automatisierung, bekannt zu geben.

Pershing Square boss Bill Ackman announced on Tuesday that his new listed investment vehicle, Pershing Square USA, is aiming to raise approximately $2bn in capital, a significant reduction from the initial $25bn target he had envisioned, according to a report by Reuters.

A consortium of investors led by Sixth Street has agreed to purchase property and casualty insurer Enstar Group Ltd for $5.1bn in what will be the second-largest private equity-backed insurance deal of the year, according to a report by Bloomberg.