A new entity formed by Terra Capital Partners in conjunction with the president of Academy Properties is looking to raise $200m for a fund focused on gap financing.
2 min read · 18 January 2013
The industrial heavyweights said they can achieve $80m of savings per year through the merger. They added that the combined company has a 'clear growth strategy' to pursue global opportunities.
2 min read · 18 January 2013
The John Grayken-led firm closed its second real estate fund at the end of May and is expected to close its seventh distressed debt fund in July on roughly $4.5bn.
2 min read · 18 January 2013
Kennedy Wilson’s acquisition of the Bank of Ireland’s property platform may have surprised some, but the firm just sees it as the next step in its evolution.
3 min read · 18 January 2013
Armed with a 'premier list' of real estate fund managers, the private markets team of the Teacher Retirement System of Texas, led by Steve LeBlanc, spoke about its vision for the portfolio and how it could be even tougher to get through its doors in the future.
10 min read · 18 January 2013
New York Comptroller Thomas DiNapoli proposed legislation that would permanently ban the use of placement agents in New York’s $140bn pension fund.
2 min read · 18 January 2013
The Los Angeles-based investment firm has held an initial closing on $118 million in equity for its fourth fund.
2 min read · 18 January 2013
One of the largest loan workouts in Europe has come to an end with the final asset sale of a portfolio which defaulted in June 2009, according to an announcement by the loan’s special servicer, CB Richard Ellis. The sale brings the total amount recovered from the £1.45 billion loan to £1.1 billion.
2 min read · 18 January 2013
End of an era as DLJ closes its London office to focus the franchise on other parts of the world. DLJ’s European head Carla Giannini is staying with the company.
3 min read · 18 January 2013
The Denver-based hospitality private equity firm has held a final closing on its third fund, significantly exceeding its original target.
2 min read · 18 January 2013
