Audax co-founders Marc Wolpow and Geoffrey Rehnert lost a ‘painful’ amount of personal money, while a Thomas H Lee-controlled fund of hedge funds had invested an undisclosed amount with Madoff Investment Securities.
2 min read · 21 January 2013
After failing to secure more equity to keep it afloat or to be sold by its administrators, the UK fitness chain is to be taken over by its lender Société Générale.
1 min read · 21 January 2013
Adelaide Gray is joining the UK insurer's property team from property services firm King Sturge to enhance the group's knowledge of trends affecting its specialist portfolio of assets.
1 min read · 21 January 2013
A deadline to sign contracts for the $1bn development of the largest undeveloped plot of land in Manhattan has been delayed for 12 months owing to the “economic downturn and collapse of traditional commercial lending”.
2 min read · 21 January 2013
The 87-year-old retail company has filed for Chapter 22 bankruptcy protection less than one year after originally being brought out of Chapter 11. Private equity firms are among potential buyers, Fortunoff says.
2 min read · 21 January 2013
Why some real estate funds will be allowing LPs to downsize commitments.
2 min read · 21 January 2013
Construtora Altana has closed it’s A-Pima fund targeting the affordable housing market in Brazil. Provident Group acted as placement agent.
1 min read · 21 January 2013
Sylvain Denis and Alan Hyslop are to leave Dubai International Capital, leaving the firm’s private equity business in the care of portfolio managers David Smoot and Eric Kump.
2 min read · 21 January 2013
The private equity real estate firm with more than $3bn in dry powder has told investors they can reduce their commitments by a tenth without penalty.
1 min read · 21 January 2013
After 2008 saw 16.6 percent wiped off the value of UK houses, there are signs that confidence is returning to the residential sector with respondents to a recent survey saying they view it as a time to buy.
2 min read · 21 January 2013
