The LA-based firm becomes the second private equity house to buy a substantial distressed debt portfolio held by the Federal Deposit Insurance Corporation this week following Colony Capital’s capture of a 1,660 strong loan portfolio.
1 min read · 24 January 2013
Mountain Real Estate Capital, the Charlotte, North Carolina-based equity investment arm of the Mountain Real Estate Group, has purchased a portfolio of 135 residential assets from Synovus Bank, the regional bank.
2 min read · 24 January 2013
The $205bn California Public Employees’ Retirement System focuses on restructuring its real estate separate accounts and ‘letting go’ weak managers, as it reports declines of 37.1% in the year to the end of March.
2 min read · 24 January 2013
Tom Barrack’s colourful views on art, economics, real estate and life make this asset class that much less ‘tiring and boring’, as he described it recently. But has the Colony founder gone too far in his property-bashing remarks?
3 min read · 24 January 2013
Orin Kramer, chairman of the New Jersey's investment council, urged council members to lift the 28% cap on alternatives. The pension could have made $21bn in the past decade by boosting its private equity, real estate and hedge fund exposure.
3 min read · 24 January 2013
Less than a month after CVC pulled out from a rival consortium bidding for the Australian healthcare chain, Blackstone has withdrawn from a consortium including TPG and Carlyle.
2 min read · 24 January 2013
KKR's long-awaited NYSE listing, set for Thursday, is expected to be met with enthusiasm from US investors with 'pent up demand'.
3 min read · 24 January 2013
Former Blackstone executive Harry Wilson, running to be New York's next comptroller, wants to build an additional layer of protection to the pension's investment process.
2 min read · 24 January 2013
Seven seasoned executives recently sat down with Private Equity Manager to discuss how new regulations will dramatically alter operating procedures.
8 min read · 24 January 2013
KKR will for the first time raise a country-specific fund, which has a target of around $1bn.
2 min read · 24 January 2013
