The Los Angeles-based private equity real estate firm spent one month raising capital for its distressed credit fund, raising a total of $900m from existing investors. The fund is expected to invest in distressed property debt and operating companies with strong real estate components.
2 min read · 22 January 2013
Gary Stein has moved over to the Leon Black-led alternative asset manager to enhance the firm’s visibility ahead of an expected $418m float on the NYSE.
2 min read · 22 January 2013
GE Real Estate appoints Hutchinson to head up the operations in Europe and Asia for its new international business unit.
1 min read · 22 January 2013
Paul Rivlin and Neil Lawson-May, the duo who staged a management buyout of Eurohypo Asset Management in April, have hired former Eurohypo real estate investment bankers Keith Davidson and James Tarry as they plan a series of debt funds.
1 min read · 22 January 2013
The New York-based private equity real estate firm is in the final stages of closing its third European real estate fund, Blackstone Real Estate Partners Europe III. The firm is also raising a distressed real estate fund led by former Merrill Lynch Americas real estate head, Mike Nash.
2 min read · 22 January 2013
The McLean, Virginia-based private equity real estate firm hires former Washington state securities enforcement lawyer to head risk monitoring group.
2 min read · 22 January 2013
The European private equity real estate firm has partnered with India’s Nichani Holdings for an Indian property vehicle that will seek capital from the large non-resident Indian population in Oman.
1 min read · 22 January 2013
The real estate division of Bahrain-founded Investcorp has started to invest its latest US debt vehicle by acquiring $210m of junior and mezzanine loans.
1 min read · 22 January 2013
The Boston-based private equity firm could lose almost half its investment in US discount clothing store Steve & Barry’s after hedge fund Bay Harbour submitted a stalking horse bid. The retailer filed for Chapter 11 protection last month, two years after TA Associates paid a reported $320m for roughly half the company.
2 min read · 22 January 2013
The Pension Benefit Guaranty Corporation is seeking up to three private equity and real estate advisors to manage its new $5.5bn alternatives ‘pot’. The pension fund, which represents 44 million US citizens, is branching out into alternatives in a bid to reduce its $14bn deficit.
1 min read · 22 January 2013
