Goldman Sachs’ Whitehall Funds is buying almost 900 non-performing and sub performing loans backed by Italian residential property.
1 min read · 21 January 2013
The special purpose acquisition vehicle set up by NRDC in 2007 is urging stockholders to allow it to continue operations as a REIT after failing to find a target business. The SPAC, which raised $414m in its 2007 IPO, will legally have to liquidate in October if shareholders say no.
2 min read · 21 January 2013
The White Plains, New York-based firm has hired four new members of staff, including former JER fund manager Dwight Arnesen. Marti Breier, Scott Stuckman and Joel Mayer have also joined the firm.
1 min read · 21 January 2013
The LA-based firm is preparing to “re-engage” with the creditors of Japan’s first failed REIT.
1 min read · 21 January 2013
The Dallas-based firm’s attempt to buy Japan’s first failed REIT is blocked for a second time by creditors. A rival bid from Daiwa House remains on the cards if New City can avoid liquidation.
2 min read · 21 January 2013
Prospect Acquisition Corp, a $248m blank cheque company, has acquired the Beverly Hills-based investment firm for an undisclosed sum. The Kennedy Wilson name and fund platform will remain, but as a ‘wholly-owned subsidiary of Prospect’.
2 min read · 21 January 2013
Alice Connell has joined the value-added investor’s advisory board, joining the likes of Jim Didion and Tim Hoeppner, among others. Connell left TIAA-Cref in 2007 to form her own advisory firm, AM Connell Associates.
1 min read · 21 January 2013
Investor-friendly carried interest, fee, GP commitment, key man and transparency terms are promoted in a new set of ‘Private Equity Principles’ from the trade association for limited partners. Will real estate follow suit?
3 min read · 21 January 2013
The struggling insurance giant has officially ended five decades of private equity investing, selling $89bn of assets for $500m. The deal doesn't include its private equity real estate funds, which are 'positioned' for a sale.
2 min read · 21 January 2013
The Ho Chi Minh City-based firm has entered the exit stage for its AiM-listed real estate fund, VinaCapital. Including the Hilton Hanoi Opera Hotel sale, the fund has exited 12 investments so far.
1 min read · 21 January 2013
