The New Jersey-based private equity real estate firm has added a 91,388-square-foot industrial building to its portfolio. The deal is the latest in a US industrial buying spree for the firm.
1 min read · 22 January 2013
The US private equity firm invested an undisclosed amount from its $2.25bn Trident IV fund in Real Estate Disposition Corporation, which auctions foreclosed properties. The company has auctioned off more than 16,000 US homes since November.
2 min read · 22 January 2013
Trouble in the retail sector presents opportunity, with 'some of the greatest fortunes' due to be made by savvy investors over the next year, according to John Howard, CEO of Irving Place Capital, formerly Bear Stearns Merchant Banking.
2 min read · 22 January 2013
AAC Capital Partners, the former ABN AMRO buyout team, has secured €950m for further acquisitions from investors including Goldman Sachs, the CPPIB, AlpInvest and Adams Street.
1 min read · 22 January 2013
The $184bn pension, struggling with the denominator effect, committed $750m to Blackstone’s previous buyout vehicle. CalPERS documents confirmed rumours that Blackstone has lowered its fund target to between $15bn and $20bn.
1 min read · 22 January 2013
The £15bn UK charity is particularly interested in direct secondary deals as it manages and rebalances its alternatives portfolio, Peter Pereira Gray, Wellcome deputy chief investment officer, said at the PERE Forum in New York yesterday.
1 min read · 22 January 2013
A US private equity firm has invested in a lender foreclosed property auctioneer hoping to benefit from the turmoil in the mortgage sector.
1 min read · 22 January 2013
The private equity giant has named Christopher Dodds as a senior advisor less than three months after the departure of financial services co-head David Zweiner. In related news, the firm also exited telecom company Crest Communications for $70m.
2 min read · 22 January 2013
Peter Pereira Gray, Wellcome deputy chief investment officer, said at the PERE Forum conference in New York that the £15 billion UK medical research charity is looking to buy private equity and real estate interests as well as sell, contrary to media reports.
1 min read · 22 January 2013
The Simsbury, Connecticut-based firm is targeting $750m for its latest real estate fund – the largest dedicated secondaries real estate vehicle ever. It comes amid a massive rise in LP demand for liquidity.
1 min read · 22 January 2013
