The firm led by chief executive officer Amani Choudry aims to take advantage of falling property prices in the region with the Shariah-compliant vehicle. The firm is targeting a return of 12%-15% for investors.
2 min read · 21 January 2013
PIK Group, the Moscow-based public property company, has abandoned plans to raise a fund from third party investors in the wake of the credit crunch. The decision was taken earlier this year, according to a spokeswoman.
2 min read · 21 January 2013
The Canadian ski slope company is selling lodging and commercial operations at Arc 1950 Resort in Savoie and Flaine Montsoleil Resort in the Haute-Savoie region of the French Alps.
2 min read · 21 January 2013
UBS has reportedly written off more than A$500m of Stella Group’s debt in return for a 40% stake in the travel and hospitality company.The group's hospitiality arm operates a portfolio of more than 140 resorts, hotels and apartments.
2 min read · 21 January 2013
London-based Hansteen Holdings has raised £90m in equity for a UK-focused industrial fund. Morgan Jones, the firm’s chief executive officer, said the vehicle was targeting “high income generation” assets and would aim to provide its investors with a return of between 12-15 percent.
2 min read · 21 January 2013
The McLean, Virginia-based firm is immediately closing its Latin America fund and operations.
2 min read · 21 January 2013
The Dallas-based private equity and real estate investor is expected to garner up to $2bn in commitments by the end of August as part of its efforts to raise $20bn to target distress, according to Bloomberg.
1 min read · 21 January 2013
Trilyn managing director Mark Antoncic has warned limited partners to band together and be assertive when trying to preserve their investments. In some cases, this could involve replacing the GP.
2 min read · 21 January 2013
The Singaporean sovereign wealth fund is considering joint investments with ‘sophisticated co-investors’ for the first time and may eventually do the same for retail investors.
2 min read · 21 January 2013
After much publicity over its debt-load, the Colony Capital-backed casino operator has filed for bankruptcy protection to help it restructure its debt load. The filing relates only to the parent company and not the casino properties. Colony said the decision was not 'taken lightly'.
3 min read · 21 January 2013
