Prospect Acquisition Corp, a $248m blank cheque company, has acquired the Beverly Hills-based investment firm for an undisclosed sum. The Kennedy Wilson name and fund platform will remain, but as a ‘wholly-owned subsidiary of Prospect’.
2 min read · 21 January 2013
Edward Siskind becomes the sole head of global real estate principal investments as co-head Todd Williams prepares to leave this year. Brahm Cramer and Jonathan Langer are also leaving REPIA to “to pursue other opportunities”, according to an internal memo.
2 min read · 21 January 2013
The former SUN Real Estate, Cambridge Place and JP Morgan executive has been appointed to lead the firm’s real estate fund management business.
1 min read · 21 January 2013
The UK private equity real estate arm of US financial services group Prudential has taken on a team from UBS in Europe.
1 min read · 21 January 2013
The London-based private equity firm is to join forces with ING REIM for what it termed as the best buying opportunity for two years.
1 min read · 21 January 2013
Alice Connell has joined the value-added investor’s advisory board, joining the likes of Jim Didion and Tim Hoeppner, among others. Connell left TIAA-Cref in 2007 to form her own advisory firm, AM Connell Associates.
1 min read · 21 January 2013
Investor-friendly carried interest, fee, GP commitment, key man and transparency terms are promoted in a new set of ‘Private Equity Principles’ from the trade association for limited partners. Will real estate follow suit?
3 min read · 21 January 2013
The struggling insurance giant has officially ended five decades of private equity investing, selling $89bn of assets for $500m. The deal doesn't include its private equity real estate funds, which are 'positioned' for a sale.
2 min read · 21 January 2013
The Ho Chi Minh City-based firm has entered the exit stage for its AiM-listed real estate fund, VinaCapital. Including the Hilton Hanoi Opera Hotel sale, the fund has exited 12 investments so far.
1 min read · 21 January 2013
The Chinese sovereign wealth fund has held talks with BlackRock, Invesco and Lone Star as it looks to the US real estate market and distressed mortgage securities, according to the Wall Street Journal.
1 min read · 21 January 2013
