Trustees of Pennsylvania’s largest public pension on Friday backed off from voting on almost $1.1 billion in new fund commitments amid disagreement over the system’s leadership and its use of high-cost private investments. While one investment was approved in a public...
LightBay Capital, a private-equity firm started five years ago by former Ares Management Corp. executives, has begun pitching investors on its second fund, according to people familiar with the matter. The Los Angeles firm is targeting $800 million for the vehicle and...
Saudi Arabia’s sovereign wealth fund PIF will become an anchor investor in an infrastructure fund being launched by Bahrain’s Investcorp and Aberdeen Standard Investments. Aberdeen Standard Investcorp Infrastructure Partners (ASIIP) received a capital...
During the past week, dealmakers have had their heads in the clouds. A half-dozen different transactions were in the works that displayed the multitude of ways investors are betting on the future of aviation. In one high-priced example, Vista Global is in talks to...
A consortium led by the Italian state lender CDP said on Saturday it had signed an agreement with Atlantia to buy a 88% stake in its motorway unit and would start talks with minority shareholders who have an option to sell their holdings. The agreement, under which... 