A California bill that would require placement agents to take flat fees for fundraising services failed to pass a committee Wednesday, prompting key state officials to threaten a push for a full ban on placement agents.
2 min read · 24 January 2013
Private equity distressed players are finding good returns by helping to capitalise small, distressed businesses, and by scouting for buyout-backed companies being groomed for exit.
2 min read · 24 January 2013
The Chicago-based private equity real estate firm is reportedly raising up to $500m of equity to beef up its investment in Brazilian real estate, anticipating strong demand in the region due to the economy’s rapid growth.
2 min read · 24 January 2013
Bill White, president of New York City’s Entrepid museum, has reportedly stepped down. The New York Attorney General's office had subpoenaed White’s firm about fees it received from City Investment Fund, the real estate investment platform established by affiliates of Fisher Brothers and Morgan Stanley Real Estate.
2 min read · 24 January 2013
As Hong Kong-based private equity real estate firm Harvest Capital prepares to announce the names of the investment committee of its latest China investment fund, capital raising head George Agethen tells PERE why at least 50% of the committee should come from outside the business.
3 min read · 24 January 2013
State-owned real estate and ports conglomerate Dubai World has agreed 'economic terms in principle' with 60 percent of its lenders on the restructuring of its $23.5 billion debt.
2 min read · 24 January 2013
The alternative asset manager is the latest to open an office in Sydney, having initially planned to do so last year.
1 min read · 24 January 2013
The Austin-based firm Hawkeye Partners has hired Bret Wilkerson, the former chief executive officer of research firm Property & Portfolio Research, as managing director.
1 min read · 24 January 2013
Listed investment firm, Fairfax Financial, will purchase up to $100m of the Beverly Hills-based firm’s convertible preferred stock.
2 min read · 24 January 2013
Miami-based Blumberg Capital Partners is reportedly planning to invest $100m into Indian commercial and residential real estate over the next three years.
1 min read · 24 January 2013
