UK-based investors pulled a record $2.74bn from equity funds in September, funds network Calastone said. The net outflows make September the worst month in what is already the worst year on record for equity funds, Calastone said. Funds focused on UK equities were the...
Japan’s €1.35trn Government Pension Investment Fund has hired LaSalle Investment Management to run a core global real estate fund-of-fund strategy. The pension fund offered no details on the size of allocation that would be made to LaSalle. GPIF, the world’s largest...
Crossbay, the pan-European urban logistics platform of private equity real estate manager MARK, has launched a second investment fund which seeks to hold over €2bn worth of assets. IPE Real Assets understands that Crossbay II, which will enter new markets such as the...
Private equity firm Energy Capital Partners (ECP) has agreed to acquire British waste management company Biffa in a deal worth $1.41bn. Under the terms of the deal, Biffa shareholders will receive 410p per share from ECP-controlled Bears Bidco. Including dividend...
Cleary Gottlieb represented global insurer and financial services provider NN Group (NN) in the sale by its subsidiary NN Insurance Belgium (NN Belgium) of a closed book of life retail insurances, representing approximatively €3.3bn of assets and liabilities, to... 