The private equity real estate firm, together with Fortress, DE Shaw and Five Mile, has offered $3.5bn for the hotel group’s $4.1bn first mortgage, according to the WSJ. The plan would rival a bankruptcy court reorganisation plan.
2 min read · 21 January 2013
US pensions are looking to educate themselves about infrastructure asset managers – the best sign yet that they may yet follow Australian superannuation funds in fueling the growth of the asset class in a big way.
3 min read · 21 January 2013
Donald Bethe has joined Kennedy Wilson’s capital markets team as senior managing director.
1 min read · 21 January 2013
The sovereign wealth fund of Singapore looks to alternative assets, including real estate, private equity and infrastructure, to mitigate against further losses after its portfolio shrink by more than one fifth in the past year.
2 min read · 21 January 2013
Around 116 opportunistic funds were seeking to raise $109bn in capital as of August, according to Clerestory Capital Partners. By Q2, 47 funds targeting $35.5bn failed to come to market or were put on hold, particularly emerging market strategies.
2 min read · 21 January 2013
The Asian Public Real Estate Association has expanded its network to include pension funds after requests by the investor pool to be included.
1 min read · 21 January 2013
Stephen Coyle, chief investment officer for Cohen & Steers' real estate funds of funds business, says many private funds will become 'zombies' as they attempt to hang onto over-levered assets with declining values.
2 min read · 21 January 2013
After delaying the pricing of their IPOs one day, the two fund managers said they now expected to raise just $250m and $200m respectively – compared to Colony’s original target of $500m and Apollo’s $600m.
1 min read · 21 January 2013
The Orlando-based real estate investment firm has acquired America’s Capital Partners’ GP stake in 22 office buildings and hired ACP co-founder Rudy Touzet as chief executive officer. ACP says deal is for LP interests held by chairman Allen de Olazarra.
2 min read · 21 January 2013
John Roberts will retire in March next year to spend more time with his family. His role will be assumed by AMB Europe and Asia president Guy Jaquier. Roberts is retiring to spend more time with his family.
1 min read · 21 January 2013
