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Article: Bye-bye buyout; hello infrastructure; Industry heavyweights revamp businesses to focus on new area.
- Article from:
- Pensions & Investments
- Article date:
- June 1, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Arleen Jacobius
Private equity firms are turning to infrastructure investing now that the credit crisis and deepening recession have put their traditional leveraged buyout businesses into suspended animation.
Some of the biggest names in the private equity field Carlyle Group, Kohlberg Kravis Roberts & Co. and Blackstone Group are raising infrastructure funds that can deploy large amounts of capital.
Between $120 billion and $170 billion has been raised by global infrastructure funds over the past two years, according to Ernst & Young LLP estimates.
Australian companies Macquarie Group and the soon-to-be-defunct Babcock & ...