05/27/2005 Issue

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Capital Watch: Bankers and Builders Aligned, Pacific Security Inks Alliance
By Benjamin Mark Cole

Several months ago Pacific Security Capital announced a deal with an Irish fund which had 200 million euros, or about $1.4 billion, to invest. Pacific Security would do the advising, while the Irish investors would provide the cash. Now Pacific Security is raising more eyebrows with another new “strategic alliance,” this time with the San Francisco-based Swinerton Inc., a family of companies best known for integrated construction services and currently ranked as the nation's fifth-largest general contractor.


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