The Oregon Investment Council has asked Wesley Edens, principal and co-chairman of Fortress Investment Group, to review the firm’s fee structures.
3 min read · 21 January 2013
If carried interest is taxed as ordinary income in the US, American GPs will face much higher tax rates than some of their European peers.
2 min read · 21 January 2013
The Los Angeles-based firm has acquired a portfolio of loans from cooperative bank Bankaktiengesellschaft. The loans have a face value of $90m, no financial details were disclosed.
1 min read · 21 January 2013
With losses of 30% in the third quarter alone, the Californian pension fund said it was terminating a number of managers which had failed to perform. CalPERS is though eyeing 2010 as an ‘excellent time’ to invest.
2 min read · 21 January 2013
Riverstone has already paid $30m to settle its case in the ongoing New York Common pay-to-play investigation.
3 min read · 21 January 2013
The private equity firm has purchased a 40% stake in the country’s second largest healthcare services company, Medical Park.
2 min read · 21 January 2013
The departure of TCW’s chief investment officer Jeffrey Gundlach has triggered a key man clause in its PPIP fund, according to the US Treasury.
2 min read · 21 January 2013
US mall owner Simon Property Group has bought the outlet centre operator Prime Outlets from the private equity firm founded by David Lichtenstein for a reported $700m in cash and the assumption of debt.
2 min read · 21 January 2013
The New York-based alternative investment firm’s Asian fund debut is to target up to $800m of equity from investors ahead of a final close in the first half of 2010, PERE has learnt
1 min read · 21 January 2013
California-based Colony Capital and London-based Orion Capital Managers are to buy up to €1.5bn of debt from Goldman Sachs loaned to struggling Spanish property company Colonial for €950m. The partners "stand to profit handsomely" from the deal, The Wall Street Journal said.
1 min read · 21 January 2013
