The secondary real estate fund unit market has picked up over the last 12 months, accounting for €1.1bn in transactions. With a further €230m of secondary trades in the pipeline, the market is set to continue as funds face cash calls from investors.
1 min read · 21 January 2013
The San Antonio, Texas-based real estate investment firm will focus on distressed US property sellers in states such as Texas, Colorado and Florida.
1 min read · 21 January 2013
Past private equity successes ‘will be dwarfed’ by future returns, as the MENA region adjusts to the global financial crisis, according to Arif Naqvi. The Abraaj Capital chief executive warned, however, that among key risks facing the region today is the possibility of the price of oil shooting back up to over $100 a barrel.
2 min read · 21 January 2013
The industrial real estate specialist has closed its second fund. The value-added vehicle will target North American assets in large industrial markets.
1 min read · 21 January 2013
The buyout industry has been incapable of ‘using leverage sensibly’ and must support restrictions on excess LBO debt, argued Hugh MacArthur, global head of Bain & Co’s private equity practice.
2 min read · 21 January 2013
In 2008, RMB-denominated funds raised RMB 264bn to invest in China, up 347 percent from from the prior year.
2 min read · 21 January 2013
ASK Investments is reportedly raising INR5bn for the vehicle, with plans to invest mainly in uncompleted residential real estate projects across the country’s top seven cities.
1 min read · 21 January 2013
The US radio and advertising company, which was purchased by Bain Capital Partners and TH Lee last year in a $17.9bn deal, had its rating fall to deeply speculative territory, with Moody’s warning of default.
2 min read · 21 January 2013
Sam Bryne has rejected criticism about his firm’s $100m stalking horse bid for the private Yellowstone Club, according to a report, calling the bankruptcy proceedings a ‘circus’. CrossHarbor, which is raising its ninth fund, plans more urban-style developments for the resort, as well as rebuilding the 'reputation' and 'privacy' of the club.
2 min read · 21 January 2013
The debt-ladened operator of two J-REITS has filed for bankruptcy and will delist from the Tokyo Stock Exchange after failing to raise ¥47 billion in capital.
1 min read · 21 January 2013
