CalPERS veteran Anne Stausboll will lead the US’ largest public pension plan and influential private equity investor. The pension is still searching for a CIO following the departure of Russel Read earlier this year.
2 min read · 22 January 2013
Statistics suggesting that 62% of this year’s corporate defaults are private equity-backed are ‘entirely misleading’ according to the Washington-based industry body.
2 min read · 22 January 2013
As part of its global efficiency drive, the firm’s entire Chinese investment team will be based in Beijing.
1 min read · 22 January 2013
Pacific Retail Capital, the private equity real estate firm which span-out of Somera Capital and was backed with capital from Lubert-Adler, says retail is about to undergo a “major shift” away from the High Street chain model. The firm is targeting malls of at least 500,000 sq ft.
2 min read · 22 January 2013
The private merchant bank has appointed former Bear Stearns executive, Thomas Harney, to lead the new real estate operation, which will focus on recapitalisations, joint ventures and opportunistic debt and equity investments.
1 min read · 22 January 2013
David Pearce, a former executive director advising the bank on government and legal relations, has joined the US industry body, the Real Estate Roundtable, as counsel.
1 min read · 22 January 2013
The bank lost $3.9bn over the past year in its principal investment area, which includes alternatives. Goldman’s CFO said the company is well-capitalised and is being patient for good investment opportunities.
2 min read · 22 January 2013
The $17bn endowment has suffered from declining financial markets. The university says it has been establishing reserves in anticipation of 'substantial' write-downs in its private equity and real estate portfolio. Real assets, including real estate, makes up a quarter of the fund's portfolio.
2 min read · 22 January 2013
The auto-parts supplier has succumbed to its debt load after failing to refinance $53m on loans. Distressed debt firm Wayzata Investment Partners has bought the company’s debt and will control the bankruptcy process.
1 min read · 22 January 2013
A JPMorgan Cazenove analyst has said the listed buyout group needs to divest to de-leverage and resist the temptation to make any new investments.
2 min read · 22 January 2013
