The company, which owns the Minneapolis Star Tribune newspaper, could not sustain its debt load as its experienced significant declines in sales amid the downturn of the US economy.
2 min read · 21 January 2013
The $63.9bn US pension fund said it was planning to pull back on a proposed $150m commitment to Morgan Stanley’s $10bn global fund, blaming declining property prices and increasing debt opportunities. The fund is also looking to withhold a $100m planned commitment to an AEW open-ended fund.
2 min read · 21 January 2013
The private equity real estate firm with more than $3bn in dry powder has hired Matthew Kenney, David Finkel, Zubin Irani, Andrew Gummer and Kunihiko Okumura as principals and managing principals to work from its New York, London and Tokyo offices.
2 min read · 21 January 2013
Global placement agency CP Eaton goes bearish on the US but bullish on Europe and Asia in its latest report.
1 min read · 21 January 2013
Transactions in the US, India, Japan, Australia and Africa all fell more than 80% in the final three months of 2008. The best performing region was Eastern Europe where sales declined by just 50%. Overall in 2008, global property deals were down 59%.
2 min read · 21 January 2013
Three high profile socialists and MEPs have written to the EU Commission president to demand action proposals for private equity regulations, following a war of words triggered by remarks from EU Commissioner Charlie McCreevy in December.
2 min read · 21 January 2013
Just as LBO firms are invading infrastructure, established infrastructure players are invading the emerging markets, writes Cezary Podkul.
2 min read · 21 January 2013
Anil Ahuja, formerly co-head of 3i Asia with Mark Thornton, has been appointed as the head of 3i's Asian operations. He will continue to lead the India team and report to Chris Rowlands, chairman of 3i Asia.
2 min read · 21 January 2013
The San Diego-based private equity real estate firm has bought four pools of discounted notes with a face value of $70m. Financial details were not disclosed, although other private equity firms are reporting discounts of up to 80%. The deal was closed in 30 days.
2 min read · 21 January 2013
The appointment reflects Doughty’s ambition to continue its Nordic investment drive for its second European fund.
2 min read · 21 January 2013
