A German residential property company part-owned by Goldman Sachs’ Whitehall Funds and Cerberus Capital Management scrapped a plan for an initial public offering following fall out from Greece’s structural deficit problems and general market volatility
1 min read · 24 January 2013
Jeff Giller and Brendan MacDonald have formed the San Francisco-based firm with the backing of Goldman Sachs’ private equity group. It will focus on fund, asset and investor recapitalisations.
2 min read · 24 January 2013
The $138bn pension has joined its neighbour CalPERS in supporting legislation that would prevent the two funds from investing with real estate managers who try to convert rent-controlled apartments. CalSTRS staff will also consider possible penalties for GPs who abuse the ban.
2 min read · 24 January 2013
Ping An Insurance has received regulatory approval to purchase TPG’s 17% stake in Shenzhen Development Bank. The acquisition will be paid in Ping An shares and looks set to make TPG at least an 8x return on its initial investment.
2 min read · 24 January 2013
Brookfield chief executive officer Bruce Flatt called the cost of warrants his firm would receive from bankrupt REIT General Growth ‘irrelevant’ and ‘meaningless.’ GGP will reportedly decide Thursday whether to postpone a key bankruptcy hearing to debate the offers after Simon submitted a new bid.
2 min read · 24 January 2013
The Austrian private equity real estate fund manager has acquired the IZD Tower in Vienna, Austria for €212m in a joint venture with an unidentified German insurance group.
2 min read · 24 January 2013
Mount Kellett Capital Management, the global private equity firm started by Mark “Goldfinger” McGoldrick in 2008 has hired real estate executive James MacNamara in London.
2 min read · 24 January 2013
Responding to administrative burdens, the State of Wisconsin Investment Board is seeking a consultant to help the pension monitor its sprawling private equity portfolio.
2 min read · 24 January 2013
The attorney general of California today filed a civil suit against placement agent Alfred Villalobos and a former CalPERS board member. In addition, the head of the pension’s giant alternative investment programme has been placed on administrative leave.
2 min read · 24 January 2013
The attorney general of California today filed a civil suit against placement agent Alfred Villalobos and a former CalPERS board member. In addition, the head of the pension’s giant alternative investment programme has been placed on administrative leave.
2 min read · 24 January 2013
