The $82bn Washington State Investment Board, known for its bullish stance on alternatives, had a minus two percent first quarter return on its private equity portfolio, while real estate underperformed against its benchmark. Executive Director Joseph Dear says ‘we’re in this asset class to stay’.
2 min read · 22 January 2013
Will the country's recent economic problems put a damper on investors' enthusiasm?
3 min read · 22 January 2013
Private real estate investment firm Shorenstein Properties is targeting debt interests in prime markets in the US looking to capitalize on the “ongoing dislocation” in the credit markets. The firm's total debt holdings now total $685m.
2 min read · 22 January 2013
The Beverly Hills-based real estate investment firm has acquired a 16-story office building in California’s Beverly Hills through its latest two real estate funds.
1 min read · 22 January 2013
The Dallas-based business is in the middle of building a pan-European portfolio of hotels for a fund that has now deployed 50 percent of its capital.
1 min read · 22 January 2013
The listed European developer that Denver-based ProLogis floated in 2006 is on its way to delivering on a promise to invest €900 million in ProLogis European Properties fund II (PEPF).
1 min read · 22 January 2013
The DLJ spin-out has sold its 100 percent holding in Catamount Energy after purchasing the company for $76m in 2005. Catamount operates a 300-megawatt wind farm in Texas and holds 1,750-megawatts in developmental interests in the UK and US.
1 min read · 22 January 2013
Following the appointments of new country managers in Hungary and the Czech Republic, the real estate investment firm has acquired a retail complex in Pilsen, Czech Republic through its Central Europe-focused property fund.
1 min read · 22 January 2013
The chairman and co-founder of Equity International is considering selling the landmark headquarters of the Chicago Tribune for a reported $200m after buying the media company last year. The Los Angeles Times headquarters could also be sold by the real estate magnate.
2 min read · 22 January 2013
Scott Nuttall, the head of KKR’s financial services group, will also oversee fundraising and broker-dealer activities, while Todd Fisher, co-founder of the firm’s London office, will fill a newly created role of chief administrative officer. Perry Golkin will narrow his investor relations activities.
2 min read · 22 January 2013
