The firm had offered $2.4bn, which included the assumption of debt, to acquire Ohio-based Cedar Fair. The deal did 'not have the required level of investor support', the company said.
2 min read · 24 January 2013
Several institutions have carved out – or considered creating – space for private equity for the first time, countering a retreat by struggling LPs with more experience in the asset class.
2 min read · 24 January 2013
USAA Real Estate has teamed up with Crimson Real Estate Advisors to launch the Crimson Real Estate Fund, targeting opportunities in key growth markets across the US.
1 min read · 24 January 2013
The Ontario Teachers’ Pension’s real estate portfolio beat its benchmark return of 6% in 2009, yielding a 7% return in the past 12 months. The Canadian pension's real estate portfolio is now valued at C$17.2bn.
2 min read · 24 January 2013
In an interview with Reuters, Perennial Real Estate’s founder Pua Seek Guan, said his firm had closed on a China fund, was pre-marketing another China fund and was slating another vehicle for Singapore.
1 min read · 24 January 2013
Norway’s $300 billion government pension fund, formerly known as the Petroleum Fund, is close to concluding the hunt for a real estate head. Fund refuses to say whether real estate project head Paul Golding is in the running.
2 min read · 24 January 2013
Nine out of 10 fund managers expect that? opportunities to acquire US distressed real estate will increase or increase significantly at the end of 2010, making it a ‘set up’ year to prepare for 2011.
3 min read · 24 January 2013
The firm’s financial services group, led by Olivier Sarkozy, half brother of the French president, has made three investments.
2 min read · 24 January 2013
The Wes Edens-led firm is approaching LPs in a 2007 $1.2bn co-investment fund for money to pay down debt in the portfolio.
1 min read · 24 January 2013
The national office vacancy rate reached 17.2% in the first three months of 2010, its highest level since 1994 according to a report from Reis. The rate of decline in rents has slowed marginally, prompting speculation about whether the sector is stabilising.
2 min read · 24 January 2013
