The AG Asia Realty Fund II would be almost double the size of its predecessor and would invest across all sectors, primarily in China and Japan, with a secondary focus on Korea and Southeast Asia.
1 min read · 21 January 2013
Oregon Investment Council has been asked by the New York-based investment firm to invest additional equity into its Gagfah deal, as it looks to pay down debt on the German residential property company. Fortress went to its LPs rather than go to 'outside sources'.
1 min read · 21 January 2013
The head of JC Flowers told a packed New York conference last week that he is bullish on US government-assisted bank bailouts, similar in risk profile to the landmark takeover of Japan’s Shinsei bank, which turned into one of the most lucrative private equity deals in history and solidified Flowers’ reputation as a financial-services wizard.
3 min read · 21 January 2013
The popularity of value-added funds has declined by more than a quarter among European investors in the past year, according to an industry report. However core funds are in the ascendency while demand for opportunity funds remains stable.
2 min read · 21 January 2013
The Los Angeles City Employees’ Retirement System has changed its investment agreement with one of its general partners as it senses value in the US hospitality sector.
1 min read · 21 January 2013
London-based Benson Elliot has raised €510 million for Benson Elliot Real Estate Partners III, its second fund. Marc Mogull, founder, says the next few years will offer a ‘once in a generation opportunity’.
2 min read · 21 January 2013
Malcolm Le May, the head of Europe for private equity real estate firm JER Partners, has left the business as it focuses more on 'asset management'. JER president Michael Pralle will take over Le May's responsibilities.
1 min read · 21 January 2013
The Reserve Bank of India will likely permit government-owned banks to invest in direct private equity in February.
1 min read · 21 January 2013
The US firm wants to raise the money to help pay down debt in its German residential business, Gagfah, as well as alleviate funding issues at its other real estate investments, according to a report.
2 min read · 21 January 2013
The real estate arm of Prudential has hired the Paramount team, including founders Andrew Radkiewicz and Andrew Macland, as PREI builds its mezzanine activities in Europe.
1 min read · 21 January 2013
