Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $66,547
82%  
Woo hoo!! And we're now over 82%!! Thank you all very much!! God bless.

Keyword: privateequity

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  • CalPERS: Biggest U.S. pension fund warns on private equity

    02/09/2005 10:21:27 AM PST · by NormsRevenge · 13 replies · 731+ views
    San Diego Union -Tribune ^ | 2/9/05 | Steve Hays - Reuters
    GENEVA – The booming U.S. private equity market could be heading for a crash as interest rates rise and hedge funds, desperately seeking higher returns, pour money into the sector, the chief investment officer for the biggest pension fund in the United States warned on Wednesday. "The biggest one (asset bubble) I'm afraid of at the moment is private equity," Mark Anson, CIO for the California Public Employees' Retirement System (CalPERS), told the International Fund Management 2005 conference organised by ICBI. "The current overhang of leveraged buyouts committed but not invested is $182 billion (end-2003 figure). A lot of money...
  • PRIVATE EQUITY FUNDS BUY UP ENERGY ASSETS

    08/08/2004 6:20:36 AM PDT · by MeneMeneTekelUpharsin · 13 replies · 822+ views
    Reuters via Yahoo ^ | 8 August 2004 | Caroline Humer & Dane Hamilton
    NEW YORK (Reuters) - Private equity funds are snapping up power plants and pipelines once sought by aggressive buyers like El Paso Corp. (NYSE:EP - News), Dynegy Inc. (NYSE:DYN - News) and Mirant Corp. (Other OTC:MIRKQ.PK - News) as these former industry heavyweights focus on repairing their businesses.CenterPoint Energy's (NYSE:CNP - News) sale of its Texas Genco Holdings Inc. (NYSE:TGN - News) electricity generator, announced last month, was the industry's largest deal this year. Like the more than $5 billion in other power deals this year, the buyers were financial groups that typically buy, fix up and sell assets in...