The Los Angeles-based private equity firm builds on its knowledge of the renal healthcare system in the US acquiring long-term care company, Covenant Care. Covenant has 43 nursing homes and three residential care facilities in seven US states.
2 min read · 22 January 2013
The consulting firm set up by the former New York mayor is branching out into real estate after launching an opportunity fund in partnership with Rockville, Maryland-based development company, Berman Enterprises. The fund, Berman Enterprises Opportunity Fund, is targeting between $500m and $750m in equity commitments.
2 min read · 22 January 2013
The US public pension looks to alternatives to drive returns, plowing $825m into private equity, real estate and hedge funds.
2 min read · 22 January 2013
The London and Chicago-based real estate investment firms say pressure is mounting on banks with unwanted loan positions as exit routes dry up. The mezzanine debt tranche acquired by the firms is backed mainly by hotels in Germany managed by Blackstone funds.
1 min read · 22 January 2013
Richard Laing, chief executive of the UK government’s fund of funds investor in emerging markets, says the mission to reduce poverty is central to CDC’s investment thesis. Its latest commitments to Indian managers underline the strategy.
3 min read · 22 January 2013
The Washington-based private equity real estate firm has launched a debt financing vehicle to provide up to $1bn to struggling development projects in the US. It will focus on property developments with a total capitalization of between $20m and $75m.
1 min read · 22 January 2013
The London-based private equity firms are believed to have paid up to £100m for a stake in the British women’s clothes and shoe store, L K Bennett. The store founder, Linda Bennett, will remain a “substantial shareholder”.
2 min read · 22 January 2013
The fresh acquisitions include a hotel in Stockholm, marking the first time Invesco has purchased a hotel in Scandinavia for its fund. Invesco is currently building a hotel platform across Europe, with investments having reached €460m by June.
1 min read · 22 January 2013
Two private investment firms have joined forces to buy structured debt investments in Europe via a new closed ended vehicle which is being seeded with €50 million of equity.
1 min read · 22 January 2013
One Equity’s packaging firm Schoeller Arca Systems, which counts Coca Cola and Heineken among its clients, has sold the two manufacturing facilities to NYSE-quoted real estate firm, W. P. Carey.
1 min read · 22 January 2013
