Blackstone’s chairman has told the SEC a firm like his would never have reached its level of success without placement agents. Schwarzman was writing on behalf of the industry, not the Blackstone-affiliated Park Hill Group.
3 min read · 21 January 2013
Progress, the Netherlands-based pension fund, has sold out of more than €500m of direct real estate assets as part of a strategy to switch to indirect investing.
1 min read · 21 January 2013
The firm has already invested 20% of Fund III's committed capital. It has also fully realised the real estate portion of its debut fund.
2 min read · 21 January 2013
The firm has also shut down its $500m North American Infrastructure Fund. RREEF's real estate operations have not been affected.
2 min read · 21 January 2013
The asset management firm has hired Brahm Cramer, former co-head of Goldman Sachs’ Real Estate Principal Investment Area, and iStar financial president Jay Nydick to lead its new opportunity platform.
1 min read · 21 January 2013
Crown Mortgage Management has been given extra ability to co-invest in performing and non performing loans alongside investors such as opportunity funds.
2 min read · 21 January 2013
The Tokyo-based firm is looking likely to lose control over the $2.2 billion Pacific Century Place as it struggles to pay back its debt.
1 min read · 21 January 2013
There is plenty of demand for Asian secondaries – but where are the vendors?
3 min read · 21 January 2013
The SEC is proposing to create a new asset management enforcement unit, which could be good news for firms that have complained in the past about a lack of private equity expertise among auditors and investigators.
3 min read · 21 January 2013
The private equity and real estate investor has sold a Frankfurt data centre for $28m to data services firm Equinix. The technology centre was the final asset to be sold from a 25-building portfolio bought by GI in 2004. The firm made a 3.7x multiple on the deal.
1 min read · 21 January 2013
