The Middle Eastern market is being affected by the credit crunch as it looks to cut back on ‘overcapacity’. The investment bank operates various private equity and real estate funds, including a $533m Saudi hospitality fund.
2 min read · 22 January 2013
The German commercial real estate lender, partially owned by private equity firms JC Flowers and Grove International, has secured another liquidity guarantee from the government, on top of the €20bn already promised.
1 min read · 22 January 2013
Property markets in the Middle East and India are underserved in terms of luxury real estate developments, according to Donald Trump Jr, son of real estate mogul Donald Trump. Trump Jr is reportedly raising $1bn to target high-end real estate projects in India, with an initial focus on Mumbai.
1 min read · 22 January 2013
The London-based property investment manager has bought a 204-unit former Archstone housing complex through its $205m value-added multifamily fund, CASA IV. It is the fund's third acquisition of 2008 and ninth in total.
1 min read · 22 January 2013
The retirement community REIT, American Land Lease, will be bought by the Chicago-based private equity real estate firm. The deal is expected to close early 2009.
2 min read · 22 January 2013
The $182bn Sacramento, California-based pension, struggling with the denominator effect, will vote next week on whether to raise the upper limit of its target allocation to real estate and private equity. The pension's real estate portfolio is currently 1.6% overweighted.
2 min read · 22 January 2013
LPs are turning away existing relationships as they bump up against their target allocations. Almost two-thirds will sell interests on the secondaries market to focus resources on the best GPs, according to an LP survey by Coller Capital. There has been a 'growing recognition' among LPs of the importance of being with the best GPs.
2 min read · 22 January 2013
The joint venture to provide growth capital to Chinese companies was created in 2006 with commitments of $90m each from Lehman Brothers and International Business Machines.
1 min read · 22 January 2013
Marc Dreier, the founder of New York law firm Dreier, has admitted to key aspects of a plan to sell $113m in fake promissory notes, including notes from a real estate developer. Around $100m of the proceeds are still unaccounted for.
3 min read · 22 January 2013
The San Francisco-based real estate secondaries firm has appointed former SL Green/Gramercy Capital executive as LPs increasingly look to liquidate some of their real estate positions. The appointment comes as Liquid works with LPs faced with capital calls in excess of their distributions.
1 min read · 22 January 2013
