Toluu : Private Equity News and Features from AltAssets.net

PE trio to take control of Extended Stay Hotels for $905mMarch 18: A trio of private equity firms - Starwood Capital Group, TPG Capital and Five Mile Capital Partners - has agreed to invest $905m in Extended Stay Hotels Inc, as part of a recapitalisation plan that will allow the hotel chain to emerge from bankruptcy.
Carlyle pushes for greener portfolioMarch 18: The Carlyle Group, the second biggest private equity group in the business, is pushing to make its investments more environmentally sound by partnering with US non-profit organisation Environmental Defense Fund for a new review process.
Lexington Partners picks up $3bn, pushes on with fundraiseMarch 18: Private equity secondaries specialist Lexington Partners has held an interim close of its seventh fund on just over $3.1bn, and initially set its target at $5bn in early 2008 when the vehicle was launched.
Yale to increase PE allocation despite difficult 2009March 18: Yale University has decided to increase its allocation to private equity, despite the asset class hurting the endowment’s balance sheet last year.
CVC chases National Lottery provider CamelotMarch 18: Camelot, the UK provider of the National Lottery, is being courted by two final bidders – private equity firm CVC Capital Partners and the Ontario Teachers’ Pension Plan, which has been trying its hand at investing directly in companies of late.