UBS Global Asset Management has captured a $75 million commitment from Netherlands investor PGGM for its JV with Shenzhen-based Gemdale Corporation. The residential focused vehicle has already made its first investments.
2 min read · 24 January 2013
Apax has reportedly beat out rival private equity consortiums to become the exclusive bidder on the world’s fourth-largest employer, which has grown considerably under private ownership.
2 min read · 24 January 2013
IMG, the private equity real estate firm run by Maksim Kunin, the former Morgan Stanley head of real estate investing in Russia, has struck a joint venture with Kvartstroy Group to build affordable housing across Russia and Kazakhstan
1 min read · 24 January 2013
KKR, Vornado have bowed out of the running to buy the real estate investment management platform, as TPG, CBRE, Jones Lang LaSalle and Ares Capital Management make it through to the final round of bidding.
2 min read · 24 January 2013
Asia head of acquisitions, Eryck Su, and head of Korea, Tae Kim, are the latest senior executives of RREEF’s Asia business to leave.
3 min read · 24 January 2013
Carlyle's recent buyout of credit hedge fund Claren Road suggests the firm is diversifying revenues with more liquid instruments in advance of an anticipated IPO bid next year, writes Pete Gallo.
3 min read · 24 January 2013
Experts say though debt capital is available, even with alternative lenders coming into the market there still won't be enough lending capacity to deal with the avalanche of refinancing coming up.
2 min read · 24 January 2013
The $17.6bn public pension is looking to invest up to $300m in one or several core, commingled funds as it makes its debut into the asset class.
1 min read · 24 January 2013
Kasra Sanandaji has joined the New York-based firm as vice president of investments, following stints at Waterman Interests and Stellar Management. Sanandaji will report to Lightstone investment chief Arvind Bajaj.
2 min read · 24 January 2013
Nominations for the Global PERE Awards are starting to come in, but we need all our readers to nominate deserving candidates in as many categories as possible
2 min read · 24 January 2013
