| Private Equity International catches up with Johanna Barr, managing director and global co-head of LP services at Advent, to discuss building new relationships and the need for streamlined due diligence.
After reaching an agreement with owners CPP Investments and OMERS Infrastructure, Atlas Arteria now holds a two-thirds majority stake hold in Skyway Concession Company, the owner and operator of the Chicago Skyway toll road, although it could yet be subject to legal action from IFM Investors. (Infrastructure Investor)
Altas Partners, a pioneer of long-hold investing, added to its bench strength with the hires of Paul Emery, from Hellman & Friedman, and Michael Korzinstone, from Cinven, as partners.
Brookfield Asset Management is expanding its life sciences lending portfolio with a $278 million financing package for the construction of a new facility in Boston’s Somerville submarket. (Real Estate Capital USA)
Secondaries market participants often talk about the need for win-win-win in GP-led transactions: they need to work for the LPs, the GP and the secondaries buyers. Given the significance of these three generalist stakeholder groups, how important is alignment with the management team of a portfolio company or companies involved in an underlying GP-led transaction? (Secondaries Investor)
"Hong Kong-based Baring Private Equity Asia has closed its eighth, and largest, pan-Asia fund at $11.2 billion, the firm said on Tuesday." (Reuters)
A "first-of-its-kind climate risks scorecard ranks Carlyle, Warburg Pincus and KKR as the worst offenders among eight major private equity companies with significant fossil fuel portfolios." (The Guardian)
"State of Wisconsin Investment Board, Madison, disclosed private equity and real estate commitments during the second quarter totaling $1.5 billion in materials for its upcoming board meeting Wednesday." (Pensions&Investments)
"Global tech investor SoftBank Group Corp. is considering the launch of a new giant startup investment fund, part of a plan to turn a new leaf after the poor performance at its two earlier funds, according to people familiar with discussions at the company." (WSJ Pro)
"Investors have plenty of reasons to stay the course with their private-equity commitments despite challenges like labor shortages, rising inflation, higher interest rates and political polarization, speakers at a conference said." (WSJ Pro) | 