Akkeron Group, the investment business formed by ex-global head of real estate and lodging at Citibank, James Brent, has launched a hotels investment business after purchasing Folio hotels’ assets.
1 min read · 21 January 2013
The US House of Representatives will vote next week on legislation that would require private fund managers with assets over $150 million to register with the Securities and Exchange Commission. If approved the bill will then go on to the Senate.
2 min read · 21 January 2013
The separate account will target investments in funds with commitments of up to $1bn that focus on international markets.
2 min read · 21 January 2013
New York Attorney General Andrew Cuomo said Elliott Broidy paid nearly $1m in gifts to NY Common officials, including more than $90,000 to pay living expenses of one official's girlfriend.
3 min read · 21 January 2013
CDC and Norfund are among a group of LPs that want to ensure ‘the next generation of emerging market private equity funds are raised on terms that reflect the principles’.
2 min read · 21 January 2013
The firm has bought Hotel 71 on Chicago’s Wacker Drive for an undisclosed sum out of CMBS special servicing.
1 min read · 21 January 2013
The US REIT, which filed for bankruptcy protection in April, has reached agreement to extend loans covering $9.7bn of its secured debt. Confirmation of the plan is scheduled for 15 December.
2 min read · 21 January 2013
Ray Potter has joined the New York-based advisory firm as principal. Potter was previously managing director at Credit Suisse’s real estate finance group.
1 min read · 21 January 2013
John Pattar, CLSA Capital Partners' managing director and head of the property fund Fudo Capital, says despite the ‘challenging fundraising environment’, its vehicle Fudo II has continued to attract a broad range of investors.
1 min read · 21 January 2013
At an alternatives conference in New York today, four major LPs said the real estate asset class was a top priority.
1 min read · 21 January 2013
