The San Francisco-based firm, launched by CalPERS last year, has hired former Goldman Sachs healthcare specialist Christopher McFadden to head its first East Coast presence. Health Evolution has already invested and exited one portfolio company with a markup 'north of 25%'.
3 min read · 22 January 2013
The US firm is investing part of its European fund, the €2.2bn Carlyle Europe Real Estate Partners III, on a retail development expected to be complete by the summer of 2009. The deal is part of a wider project to redevelop the coastal strip of Vado Ligure, near Savona.
1 min read · 22 January 2013
The deal, which includes residential land in Arizona, California and Florida, follows on the firm’s $150m JV investment with Riverway Properties to target the Houston residential market.
1 min read · 22 January 2013
The world's largest private manager of infrastructure assets also saw its fiscal 2009 half-year profit plummet 43% to A$604m. Its unlisted funds continued to post strong base and performance fees, while listed funds did not.
2 min read · 22 January 2013
The US Treasury Secretary says he is saving the bulk of the $700bn Troubled Asset Relief Programme money for President-elect Barack Obama. He says buying toxic assets would not be the most effective use of taxpayers' money suggesting there ‘simply isn't enough firepower’.
2 min read · 22 January 2013
The London-based real estate investment firm has added new responsibility for David Cunnington, who is already chief financial officer. He becomes head of the Italian fund business and is moving to Milan.
2 min read · 22 January 2013
The Apollo Global Management and TPG-backed casino operator has struggled in the faltering economy with dwindling revenue and heavy debt loads. The company is seeking to restructure its debt to extend maturities and reduce its outstanding principal.
2 min read · 22 January 2013
After three prior attempts to initiate takeover discussions with the Toronto Stock Exchange-listed income fund, Borealis Infrastructure, the infrastructure investment arm of OMERS, has finally completed a long-coveted acquisition.
2 min read · 22 January 2013
The real estate veteran has filed a lawsuit against the Connecticut secondaries firm claiming Landmark failed to honour a promise to give him an ‘ownership interest’ in the firm.
2 min read · 22 January 2013
Equity International, the private equity real estate firm co-founded by Sam Zell and Gary Garrabrant, has acquired a stake in its third real estate portfolio company in China. Yupei develops and manages industrial, warehousing and logistics properties.
1 min read · 22 January 2013
