The Boston-based private equity real estate firm has sold its stake in the Telus Tower to the Healthcare of Ontario Pension Plan, which now owns 90% of the 810,000 sq. ft property.
2 min read · 24 January 2013
The global head of Clifford Chance’s private funds group, Jason Glover, will establish a UK practice for Simpson Thacher & Bartlett.
2 min read · 24 January 2013
The California State Teachers’ Retirement System refuses to ‘sell at loss’, temporarily shifting 5% of its equities portfolio to real estate, private equity and fixed income to take advantage of distress.
2 min read · 24 January 2013
The Canadian private equity investors are at ‘advanced’ stages of due diligence for what would be the largest UK LBO this year.
2 min read · 24 January 2013
Following in the footsteps of US homebuilder Lennar, Toll Brothers will target distressed loan portfolios and development land.
1 min read · 24 January 2013
The $205bn California Public Employees’ Retirement System focuses on restructuring its real estate separate accounts and ‘letting go’ weak managers, as it reports declines of 37.1% in the year to the end of March.
2 min read · 24 January 2013
Seven seasoned executives recently sat down with Private Equity Manager to discuss how new regulations will dramatically alter operating procedures.
8 min read · 24 January 2013
KKR will for the first time raise a country-specific fund, which has a target of around $1bn.
2 min read · 24 January 2013
The US Congress today passed sweeping financial reform legislation, which includes the so-called Volcker Rule and required SEC registration for private equity and real estate firms.
2 min read · 24 January 2013
Mubadala, the Abu Dhabi sovereign wealth fund, is to step up its real estate investment programme via a joint venture with Pramerica Real Estate Investors. Mubadala Pramerica Real Estate Investors will initially focus on investing in Abu Dhabi and the Middle East but is expected to evolve into a more international platform in time.
2 min read · 24 January 2013
