A Senate bill sponsored by Chuck Grassley and Carl Levin would require all private funds to publicly disclose the identities of their LPs, as well as the value of assets under management, if the bill passes.
2 min read · 21 January 2013
A survey of European real estate fund managers and investors reveals private property vehicles and ‘conservative’ institutional investors will be the investment driving force in the next 12 months. Private funds raised €23bn of equity in 2008 and are set to target Munich and Hamburg in 2009.
2 min read · 21 January 2013
Oregon Investment Council has been asked by the New York-based investment firm to invest additional equity into its Gagfah deal, as it looks to pay down debt on the German residential property company. Fortress went to its LPs rather than go to 'outside sources'.
1 min read · 21 January 2013
The head of JC Flowers told a packed New York conference last week that he is bullish on US government-assisted bank bailouts, similar in risk profile to the landmark takeover of Japan’s Shinsei bank, which turned into one of the most lucrative private equity deals in history and solidified Flowers’ reputation as a financial-services wizard.
3 min read · 21 January 2013
The occupancy rate of US industrial properties declined by more than 18m sq. ft. in the fourth quarter of 2008 representing the largest quarterly decline since 2002.
1 min read · 21 January 2013
Prax is set to take advantage of a projected population boom in Xi’an, the capital of China’s Shaanxi province, by investing almost $30m in a residential development in the city. The population of Xi’an is due to grow to 5.3m by 2020 – up from 3.1m in 2007.
1 min read · 21 January 2013
The popularity of value-added funds has declined by more than a quarter among European investors in the past year, according to an industry report. However core funds are in the ascendency while demand for opportunity funds remains stable.
2 min read · 21 January 2013
The Los Angeles-based private equity firm has joined forces with California developer the Ryland Group to acquire and develop residential lots. Oaktree plans to exit the investments by selling finished lots to developers, including Ryland.
1 min read · 21 January 2013
The Los Angeles City Employees’ Retirement System has changed its investment agreement with one of its general partners as it senses value in the US hospitality sector.
1 min read · 21 January 2013
MGPA and its European development partner Concerto have let 43 percent of their site near Lille.
1 min read · 21 January 2013
