President and chief executive of Allianz Real Estate Olivier Piani says it is the ‘best time’ to be growing a global organisation. The insurance company expects to grow its allocation to RE to 6% 'and maybe more', with up to a third focused on the US and Asia respectively.
2 min read · 21 January 2013
Administrators to Lehman Brothers in Europe have put the first few propety assets up for sale, most of them being joint ventures. PricewaterhouseCoopers says it has logged more than 300 expressions of interest in Lehman’s real estate investments since the bank collapsed.
1 min read · 21 January 2013
Ian Jackson has been hired as a director for The Carlyle Group's distressed and corporate opportunities arm. He will be 'deployed' to help invest the firm's latest distress fund, Carlyle Strategic Partners II, which closed on $1.35bn in April 2008.
1 min read · 21 January 2013
In its outlook for 2009, Shuaa Capital warns that the Abu Dhabi real estate market will follow Dubai’s downturn, although to a lesser extent.
2 min read · 21 January 2013
Unlike hedge funds, private equity doesn’t have to deal with the Madoff performance question, writes David Snow.
3 min read · 21 January 2013
The Germany focussed firm in which Morgan Stanley has a significant minority stake, has sold the “Grünhof” commercial centre in Frankfurt.
1 min read · 21 January 2013
The firm says it has raised equity from investors for deployment across the country.
1 min read · 21 January 2013
Kevin Zhang will end his 15 year-career with the bank, reportedly to join an unnamed China-focused private equity fund.
2 min read · 21 January 2013
The New York-based private equity firm is reportedly on the brink of making up to 27 of its 275 employees redundant.
1 min read · 21 January 2013
A $6bn fund targeting financial services closed last year will downsize to $4.5bn in commitments. TPG is telling investors an influx of US government rescue cash to the sector has diminished opportunities.
2 min read · 21 January 2013
