The Canadian pension’s private equity, real estate and infrastructure holdings tempered losses from equities in the first fiscal quarter of 2011.
2 min read · 24 January 2013
Florida-based Ram Realty and New York’s Square Mile Capital Management have formed a JV to acquire a portfolio of 38 non-performing loans with a total par value of around $150m.
1 min read · 24 January 2013
The group, founded by telecoms entrepreneur David Brillembourg, is targeting luxury beachfront hotels within three hours travelling time of Miami. The firm last year bought a Miami hotel for a group of family offices in a $30m all-cash deal.
2 min read · 24 January 2013
Two private equity firms have acquired almost all the assets of the 84-year-old Sea Island resort in a deal that saw creditors walk away from $340m of secured debt. Bankruptcy court must approved the deal, which is unlikely to be challenged.
2 min read · 24 January 2013
The pension’s investment committee has approved a $25m commitment to oil and gas-focused Encap’s eighth fund, targeting $2.5bn.
1 min read · 24 January 2013
Patron Capital, the Europe-focused private equity real estate firm, has acquired a majority position in the Manchester Evening News Arena, the renown concert venue in Manchester, UK. The firm has made the investment in the 21,000 capacity venue via a joint venture with London-based Development Securities.
2 min read · 24 January 2013
The firm’s 2006 global buyout fund, which raised nearly $18bn, is nearing the 75% invested threshold.
2 min read · 24 January 2013
The Wall Street titan reported a slight dip in its alternative assets, which a spokesperson has clarified will be liquidated over the next 10 years as per normal operating procedures.
2 min read · 24 January 2013
Ed Greene, who led the Asia business for placement agent CP Eaton Partners, has now launched his own firm. Starting with nine staff, Diamond Dragon Advisors is to advise on sectors including real estate, private equity, real assets and hedge funds.
2 min read · 24 January 2013
Colony, Dune and Kan Am claimed lenders 'refused' to renegotiate the New Jersey project’s construction loans. The group of five lenders is currently talking to new operators to take over and finish the retail and entertainment complex.
3 min read · 24 January 2013
