The Teachers’ Retirement System is reviewing its real estate allocations for the next five years as part of an annual review of commitments. The pension fund will also focus more effort on emerging managers.
1 min read · 22 January 2013
The Los Angeles-based private equity real estate firm spent one month raising capital for its distressed credit fund, raising a total of $900m from existing investors. The fund is expected to invest in distressed property debt and operating companies with strong real estate components.
2 min read · 22 January 2013
Gary Stein has moved over to the Leon Black-led alternative asset manager to enhance the firm’s visibility ahead of an expected $418m float on the NYSE.
2 min read · 22 January 2013
The Canadian power generation company has rejected an all-cash take-private by LS Power Equity Partners and Global Infrastructure Partners saying that the firms’ ‘highly conditional approach’ undervalues the company.
2 min read · 22 January 2013
Brookwood Value Partners, an affiliate of private equity firm Brookwood Financial Partners, has picked up nearly 400 residential lots in The Grove planned community in Southwest Florida.
1 min read · 22 January 2013
Development, agricultural or beachfront-land is proving the next hottest commodity for private equity real estate.
2 min read · 22 January 2013
The Oman Investment Fund acquires half of the hotel chain from the Dublin-based private equity real estate firm, just one year after Quinlan purchased Jurys Inns for €1.17bn. The deal will allow Quinlan to take advantage of falling real estate values in the UK.
2 min read · 22 January 2013
Sydney-based AMP Capital Investors is backing an Indian road construction company, its maiden investment from an India- and China-focused infrastructure fund it is raising.
2 min read · 22 January 2013
The Dubai private equity group has teamed with Dubai-backed real estate developer Nakheel to purchase a 20 percent stake in Cirque du Soleil. Famous for unusual live performances, the entertainment company will develop a permanent show on Dubai’s Palm Jumeirah island.
2 min read · 22 January 2013
GLL Real Estate Partners, the Munich-based real estate fund manager, is close to acquiring an office building in Boston’s financial district from Broadway Partners. Broadway bought the property last year.
1 min read · 22 January 2013
