Canada’s Caisse de depot et placement du Quebec suffered large falls in its real estate returns in 2008, with declines of 21.9%, the largest in its history. The pension fund is now seeking ways to stem future losses.
2 min read · 21 January 2013
CVC, Hellman & Friedman, Welsh Carson, Advent and Actis are among the industry veterans to have won awards in the highly regarded Private Equity International Awards 2008.
2 min read · 21 January 2013
The publicly listed debt affiliate of Kohlberg Kravis Roberts has suspended its dividend to shareholders through 2009 as it tries to bolster its liquidity.
2 min read · 21 January 2013
The New York private equity real estate firm discontinued its legal claim to buy the freehold of the central London residential complex owing to falling property prices. Sources told PERE the firm may launch another bid when conditions are “more favourable”.
2 min read · 21 January 2013
David Moffett has stepped down after six months leaving the US mortgage giant scrambling for an interim replacement. Freddie Mac plans to request more than $30bn in additional capital from the US government after announcing its fourth quarter losses.
1 min read · 21 January 2013
Singapore-based fund manager Pacific Star has started fundraising for a new fund aimed at making entity level investments in companies with credit shortages.
1 min read · 21 January 2013
Private equity real estate firm Corestate Capital’s company Alta Fides is marketing three student accommodation developments in Germany. The portfolio company said it would create up to 2,500 residential units per year.
1 min read · 21 January 2013
The former global co-head of asset management for Lehman Brothers private equity real estate, John McCarthy, has left to join Barry Sternlicht’s Starwood. Jeffrey Disher steps down as head of asset management to return to his earlier role leading Starwood’s acquisitions team.
1 min read · 21 January 2013
The private equity firm has hired the former Cohen & Steers chief investment officer, James Corl, to led its foray into real estate. The firm said it would look to create a real estate vehicle to target distressed investments.
2 min read · 21 January 2013
LaSalle Investment Management won the coveted title in the 2008 Global PERE Awards. Read here for the other winners.
2 min read · 21 January 2013
