Just because the buyout market is suffering from a post-subprime-debacle
hangover, it doesn’t mean investors are shying away from sinking money into
private equity or hedge funds.
Certainly the flow of private equity deals has slowed to a trickle since
credit markets tanked in August because of problems with subprime mortgages.
But in the last day, three New York alternative investment funds have drawn in
a total of almost $8.2 billion from investors:
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Buyout shop CCMP Capital Advisors said Tuesday it has raised $3.4 billion in
its first fund since spinning out of J.P. Morgan Chase & Co.
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And hedge fund Och-Ziff Capital Management Group revealed Monday that Dubai
International Capital LLC plans to buy a 9.9% stake in the company
immediately after its November IPO. The Middle Eastern investment fund will
pay as much as $33 a share, or up to $1.26 billion for the stake.
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And AIG Highstar Capital announced Tuesday it has closed its third
infrastructure investment fund at $3.5 billion.
— Peter Moreira
See
TheDeal.com story on Och-Ziff
See
TheDeal.com story on AIG Highstar
