Lehman's private equity real estate arm is not part of the $2.1bn deal by Bain Capital and Hellman & Friedman to acquire the investment bank's prized asset management business, Neuberger Berman. Lehman's private equity funds of funds and secondaries units will be sold.
1 min read · 22 January 2013
The biggest bank failure in US history is also one of the biggest publicly disclosed private equity losses in history. TPG has stressed that the investment represented only a small portion of its diversified assets.
4 min read · 22 January 2013
The US arm of ING Real Estate has closed its Clarion Development Ventures III fund, which will target all property sectors in the US, including distressed land sales.
1 min read · 22 January 2013
Along with those of Stanford and British Columbia, Harvard University’s $37bn endowment has scored top marks for sustainable investment. Harvard's endowment, an active private equity LP, returned 8.6 percent for the fiscal year ended 30 June.
1 min read · 22 January 2013
Founder Wesley Edens claims the move is necessary to retain capital for ‘tremendous opportunities’ in banks, insurance companies and other asset management businesses. The dividend cut may be linked to a dip in Fortress' fundraising pace.
2 min read · 22 January 2013
Songbird Estates, whose main investment is Canary Wharf Group which owns the London-based European headquarters of Lehman Brothers, says the full impact of Lehman’s demise is hard to quantify. Lehman’s leases more than 1 million square feet in a building in Canary Wharf.
2 min read · 22 January 2013
Palo Alto, California-based Norwest Venture Partners has hired long-time technology executive Dror Nahumi to support the firm as it moves to deploy increased capital in Israeli technology.
2 min read · 22 January 2013
An affiliate of the Washington DC-based private equity real estate firm has unveiled PRC Securities, which will raise funds for Perseus Realty and third party real estate vehicles targeting the middle market.
2 min read · 22 January 2013
The asset management arm of Dutch banking group Rabobank is raising its second fund of funds dedicated to responsible investing and outperforming ‘mainstream private equity’.
1 min read · 22 January 2013
Six out of 10 commercial real estate executives believe the credit crisis has now had a greater impact on the real estate industry than during the crisis of the late 1980s, early 1990s. Just 10 percent are ‘bullish’ on the opportunities created by the distress, most attracted to multifamily.
2 min read · 22 January 2013
