Private equity firms would have to comply with tighter standards for capitalisation, hold periods and disclosure requirements if proposed rules from US banking regulator FDIC are approved.
2 min read · 21 January 2013
The Singapore-listed leisure investment firm and developer has held a final close on its Banyan Tree Indochina Hospitality Fund, short of its original $300m to $400m target. The vehicle's core asset will be the Laguna Hue resort development.
2 min read · 21 January 2013
The multifamily and healthcare lender and investment firm has bought the California-based origination shop Sierra Capital.
1 min read · 21 January 2013
The Carlyle Group and South Korea's National Pension Service is jointly investing in an office in central Tokyo. The Japanese firm selling the property says it intends to work more closely with Carlyle in future.
2 min read · 21 January 2013
Prompted by the ongoing pay-to-play investigation in the US, the European trade body has created a code of conduct to prevent unethical conduct in the European placement industry. The code has the backing of the LP body, ILPA.
2 min read · 21 January 2013
LP default fears have been assuaged by a lack of capital calls. But the issue of LP liquidity is still as pertinent today as it was last autumn. PERE July/August 2009.
5 min read · 21 January 2013
The private equity real estate shop set up by former Warburg Pincus executive Reuben Leibowitz and investment firm Real Estate Capital Partners paid $31 million for the affordable multifamily arm of MMA Financial.
2 min read · 21 January 2013
Marcel Crommen, a former head of real estate investment banking in Germany at Deutsche Bank, has joined Alta Fides, a portfolio company of Swiss-based Corestate Capital.
1 min read · 21 January 2013
Thomas Barrack writes an open letter to Santa Barbara residents appealing for the community to welcome Michael Jackson fans with open arms as they descend on the singer’s “only true home”, the Neverland Ranch. Colony reportedly spent more than $3m renovating the property this year in preparation for its sale.
2 min read · 21 January 2013
The Libyan Foreign Investment Company has become the latest sovereign wealth fund to invest in London commercial real estate directly.
1 min read · 21 January 2013
