The former investment bank, which has applied to become a bank holding company, took a loss of $1.8bn in its asset management division, which includes real estate and private equity businesses.
2 min read · 22 January 2013
As part of its global efficiency drive, the firm’s entire Chinese investment team will be based in Beijing.
1 min read · 22 January 2013
The private merchant bank has appointed former Bear Stearns executive, Thomas Harney, to lead the new real estate operation, which will focus on recapitalisations, joint ventures and opportunistic debt and equity investments.
1 min read · 22 January 2013
The $17bn endowment has suffered from declining financial markets. The university says it has been establishing reserves in anticipation of 'substantial' write-downs in its private equity and real estate portfolio. Real assets, including real estate, makes up a quarter of the fund's portfolio.
2 min read · 22 January 2013
The auto-parts supplier has succumbed to its debt load after failing to refinance $53m on loans. Distressed debt firm Wayzata Investment Partners has bought the company’s debt and will control the bankruptcy process.
1 min read · 22 January 2013
Voting for the first round of the third annual Global PERE Awards will close on January 5, 2009. Have you nominated the people, firms, funds and deals that stood out in 2008 yet? If not, cast your vote now.
2 min read · 22 January 2013
The JV venture between Chicago-based Heitman and US self-storage REIT Sovran Self Storage has added four more self-storage units to its portfolio. The $26.3m deal, including a $12.3m first mortgage, closed only after the JV agreed to fund the remaining amount in cash.
1 min read · 22 January 2013
As investors start to eye distressed real estate investment trusts, the US’ second largest mall owner reveals it has not reached 'unanimous agreement' to extend $900m in debt on two Las Vegas loans. The firm is in talks with its lenders, after the loans were due for repayment last Friday.
2 min read · 22 January 2013
LPs in Lehman's private equity funds have retained Kirkland & Ellis and private equity advisor StepStone to guide them through the auction of Lehman's venture and private equity funds. The bank also hopes to close a deal on its real estate funds in the first half of 2009.
2 min read · 22 January 2013
CDH Investments has teamed up with Goldman Sachs to provide growth capital funding to Himin Solar Energy Group. The capital will help push the company, which makes products like solar water heaters and solar lamps, towards an initial public offering.
1 min read · 22 January 2013
