The New York-based pension fund and asset manager is expanding into investment management for endowments and foundations, hiring Rice University’s Scott Wise as chief investment officer of the new management business.
2 min read · 24 January 2013
The Hong Kong-based private equity real estate firm has held a closing of more than $325 million for its CR China Retail Real Estate Development Fund I. The firm, majority-owned by state-owned China Resources Group, is aiming to raise $500m for the fund in total.
1 min read · 24 January 2013
Another week, another crucial AIFM Directive vote delayed. Adding to GPs’ anxiety is the fact that the longer the process drags on, the more unfavourable amendments seem to be added to the bill, such as one apparently banning ‘asset-stripping’
2 min read · 24 January 2013
The so-called ‘real asset’ class is attracting increasing attention from LPs for its inflation-hedging capabilities. That has prompted one real estate fund of funds manager to also enter the space.
3 min read · 31 January 2013
The Beverly Hills-based investment firm has entered into an equity joint venture with debt shop PCCP to acquire the Summer House apartment complex in Alameda for $86m.
2 min read · 24 January 2013
The New York-based private equity firm has teamed up with Germany’s Management fur Immobilien to buy the Ruhr-Park shopping centre in Bochum from Dusseldorf fund manager Westfonds for €300m.
1 min read · 24 January 2013
It’s still unclear whether carried interest would be affected by a proposal to raise the tax rate on capital gains from 'non-business assets' to 40%.
2 min read · 24 January 2013
TPG has reportedly sold a little over half of its 4% stake in China’s Ping An Insurance, which it last week swapped for its stake in Shenzhen Development Bank.
1 min read · 24 January 2013
As the parent company of CWCapital searches for a buyer, Apollo Global and Centerbridge Capital have reportedly made competing bids, while Warren Buffett is also eyeing the US’ second largest special servicer.
2 min read · 24 January 2013
The so-called ‘real asset’ class is attracting increasing attention from LPs for its inflation-hedging capabilities. That has prompted one real estate fund of funds manager to also enter the space.
3 min read · 24 January 2013
