The resignation of Phil Green as a non-executive director comes less than a month after he resigned his position as the firm’s CEO. The change comes amid ongoing strategic review and restructuring at the Australian infrastructure specialist.
2 min read · 22 January 2013
The fall-out from the collapse of investment banking giant Lehman Brothers could have long-term implications on the real estate investing marketplace, according to private equity real estate professionals, but at the moment most investors are adopting a wait-and-see attitude.
3 min read · 22 January 2013
Should the insurance giant seek liquidity through the sale of its $758bn asset management arm, insiders say it will likely be slowed by the US government's newly acquired controlling stake, as well as issues including the mixture of AIG balance sheet capital with client funds.
2 min read · 22 January 2013
The investment firm, which counts the National Commercial Bank of Saudi Arabia as one of its stakeholders, plan to invest $2bn in the region.
2 min read · 22 January 2013
The publicly listed fund of funds is now trading at almost a 50 percent discount to NAV. In a statement, the fund says it is “hopeful” that a deal for Lehman’s asset management and alternatives units “will be made within a very short period of time”.
2 min read · 22 January 2013
The European real estate firm, formerly known as Meinl European Land that targets shopping centers in Central and Eastern Europe, re-evaluates its development pipeline following the €800m investment by Citi Property Investors and Gazit-Globe.
1 min read · 22 January 2013
The private equity firms are reportedly in discussions to buy Lehman’s investment management unit, which includes its $30bn private equity portfolio. The price of the investment management arm, around $5bn last week, may come down after Lehman’s bankruptcy filing yesterday.
1 min read · 22 January 2013
Amid the turmoil of its parent company, AIG's investment arm continues its Asian expansion with the hiring of Michael Chae. The fate of the firm’s substantial private equity and real estate businesses remains uncertain.
2 min read · 22 January 2013
Richard Klapow has left Macquarie Capital’s advisory arm in New York to join Alinda Capital Partners as a managing director, marking the third recent senior executive departure at Macquarie.
2 min read · 22 January 2013
The US alternative asset manager, which has been active in Spain recently, has agreed a joint venture to develop a retail warehouse in Malaga, southern Spain.
1 min read · 22 January 2013
