Apollo and TPG Capital-backed Harrah’s, loaded with $22bn of debt from its $27bn buyout in 2008, has eased its debt burden through recent refinancings but has not solved its problems, according to Moody's.
2 min read · 24 January 2013
The Washington DC-based firm is expected to close on roughly a dozen capital commitments for its US Government Properties Income and Growth Fund in the next week.
2 min read · 24 January 2013
The founder of Colony Capital has clarified his widely reported comment that real estate has become “tiring and boring”, telling PERE that a protracted era of restructuring had taken “velocity, arbitrage and outsize returns” out of the asset class.
3 min read · 24 January 2013
The US pension refuses to ‘sell at loss’, temporarily shifting 5% of its equities portfolio to private equity, real estate and fixed income to take advantage of distress.
2 min read · 24 January 2013
The $242 billion National Pension Service of Korea is planning to grow its alternative assets allocation to more than 10 percent of total assets in 2014. The allocation represents a meteoric rise on the 3.8 percent target allocation set in 2008.
2 min read · 24 January 2013
The New York-based firm has appointed Arvind Bajaj to lead its acquisition and capital raising activities.
2 min read · 24 January 2013
The Steve Schwarzman-led firm, which reported a 35% rise in private equity profits over a six month period, will soon close its global buyout fund.
2 min read · 24 January 2013
The UK pension ‘lifeboat’ has hired Goldman Sachs, Pantheon, Hamilton Lane, Lexington, LGT, Partners Group and RREEF as advisors.
2 min read · 24 January 2013
Hewitt Associates’ plan to acquire EnnisKnupp will build out the firm’s investment consulting business, advising LPs on private equity, real estate and infrastructure investments. Hewitt will pick up several of EnnisKnupp’s large pension fund clients that allocate to private equity.
2 min read · 24 January 2013
The Zug, Switzerland-based private equity real estate firm has appointed Felicity Ambler from Aviva Investors as director of equity raising and investor relations.
2 min read · 24 January 2013
