With so much of the mainstream press bemoaning the decline in m&a activity, it is heartening to hear of those pursuing alternative strategies for making money.
2 min read · 22 January 2013
New York’s Lexin Capital is buying into an office in the outskirts of Paris that is yet to be leased out.
1 min read · 22 January 2013
Canadian privately-owned real estate investor, RealStar Group, is entering into private equity real estate territory by seeking to raise a €300 million opportunity fund to acquire assets in both the UK and Continental Europe.
2 min read · 22 January 2013
The New York-based firm has closed its Apollo Value Enhancement Fund VII, bringing its value-added investment fund series to $2.7bn in total committed equity.
1 min read · 22 January 2013
The Bahrain-based investment firm is investing in China’s alternative energy sector through its joint venture with India’s Tanti Group. The deal is Arcapita’s first in China.
1 min read · 22 January 2013
The UK government-backed emerging markets fund of funds has invested in Africa Capital Alliance, one of six private equity funds to receive $150m from the firm.
1 min read · 22 January 2013
The private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson has hired former IHP Capital Partners senior vice president and controller Johnna Howard as the firm’s new CFO.
1 min read · 22 January 2013
Mark Preston succeeds Jeremy Newsum as chief executive officer of British property group Grosvenor, owned by the Duke of Westminster. Preston was former head of the firm’s UK operations and fund management business.
2 min read · 22 January 2013
Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 min read · 22 January 2013
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from sister publication PERE Magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year.
2 min read · 22 January 2013
