The Darien, Connecticut-based funds of funds manager has closed its third property vehicle on $146.5m and its fifth private equity fund on $1.05bn.
1 min read · 21 January 2013
The New York-based firm has hired Robert Cervinka as head of asset management and transactions in Germany.
1 min read · 21 January 2013
The Swiss alternatives firm plans to augment its fund of funds platform by assuming management of HRJ’s $2bn in assets. The US fund of funds was reportedly burned by its over-commitment strategy last year, causing it to breach debt covenants and seek stake sales for uncalled commitments.
2 min read · 21 January 2013
Nick Gaynor, Deutsche Bank’s head of financial sponsor coverage for the EMEA region, has joined the subsidiary alternatives firm to lead its charge into private equity direct and co-investments.
1 min read · 21 January 2013
The $850m police and fire pension fund aims to take advantage of discounted US property prices by increasing its allocation to the sector from 10 percent to 20 percent. In submitting a bill to Florida lawmakers, Jacksonville hopes to grow its real estate portfolio to $170m.
1 min read · 21 January 2013
The Chinese sovereign wealth fund has committed to the bank's latest global property fund, according to reports. Morgan Stanley Real Estate Fund VII Global is likely to close at $6bn, not its original $10bn target.
1 min read · 21 January 2013
The Canadian investor has bid two-thirds over the share price to gain control of Macquarie Communications Infrastructure Group, which has a debt burden of more than A$5bn
1 min read · 21 January 2013
The Toronto Stock Exchange-listed asset manager bought Loews Cineplex in 2002 and sold most of the business to Bain, Carlyle and Spectrum Equity Investors in 2004. It has now sold the remaining Galaxy portion of the business.
2 min read · 21 January 2013
The City of Chicago is expected to give the investors up to six more months to reach financial close on their $2.5bn long-term lease of the Chicago airport. The investor group was originally targeting 6 April for financial close.
1 min read · 21 January 2013
The French private equity firm has written down to zero its €144m investment in the Las Vegas casino operator. It has also written down other investments with Colony Capital, including in the firm’s Colyzeo II fund.
2 min read · 21 January 2013
