The two firms are looking to carve out the gaming operations of Italian-listed leisure group Snai at the same time that Blackstone is reportedly vying to take control of Gala Coral.
2 min read · 21 January 2013
Saigon Asset Management is partnering with RNG Invest to launch a fund for real estate, pre-IPO investments and investments in public equities.
2 min read · 21 January 2013
The $400m sale of commercial mortgage bonds by US mall owner Developers Diversified Realty was secured by 28 assets. The REIT says it will continue to access ‘long-term capital to retire short-term debt’.
2 min read · 21 January 2013
With investor confidence sapped following the Dubai government's decision to seek a six-month “standstill” on the debt of Dubai World and Nakheel, Jones Lang LaSalle says the real danger is sovereign – not corporate – default.
3 min read · 21 January 2013
Standard Life, which manages more than £8 billion of real estate in Europe, says it will structure the vehicle as a 5-year closed ended fund.
1 min read · 21 January 2013
The bankrupt lender will sell its North American mortgage business to Warren Buffett’s Berkshire Hathaway and the holding company Leucadia National Corporation for $515m.
2 min read · 21 January 2013
The California Public Employees' Retirement System is reportedly weighing its future relationship with asset manager BlackRock following its investment in the New York Stuyvesant Town deal.
2 min read · 21 January 2013
Swiss-based Corestate Capital has appointed Mark Wössner, 71, to help advise on acquisitions and restructuring non-performing loans.
1 min read · 21 January 2013
Fresh off raising $208m from the IPO of its mortgage REIT, Apollo Global says it could raise a series of private equity real estate funds. The firm’s sixth buyout fund has taken a hit following investments in Harrah’s and Realogy.
2 min read · 21 January 2013
If the hiring market picks up, more funds may want to consider annual vesting provisions to reward better-performing employees and to hold on to senior executives.
3 min read · 21 January 2013
