The consulting firm set up by the former New York mayor is branching out into real estate after launching an opportunity fund in partnership with Rockville, Maryland-based development company, Berman Enterprises. The fund, Berman Enterprises Opportunity Fund, is targeting between $500m and $750m in equity commitments.
2 min read · 22 January 2013
The US public pension looks to alternatives to drive returns, plowing $825m into private equity, real estate and hedge funds.
2 min read · 22 January 2013
Limitless, the property development arm of Dubai World, has made a bid for the London-based property company Minerva, which Minerva says it expects to recommend to shareholders.
2 min read · 22 January 2013
Hypo Real Estate has provided a €46.9m loan to RREEF’s DB Real Estate Iberian Value Added fund to refinance the acquisition of the Penha Longa Hotel, Spa & Golf Resort.
1 min read · 22 January 2013
The London and Chicago-based real estate investment firms say pressure is mounting on banks with unwanted loan positions as exit routes dry up. The mezzanine debt tranche acquired by the firms is backed mainly by hotels in Germany managed by Blackstone funds.
1 min read · 22 January 2013
Richard Laing, chief executive of the UK government’s fund of funds investor in emerging markets, says the mission to reduce poverty is central to CDC’s investment thesis. Its latest commitments to Indian managers underline the strategy.
3 min read · 22 January 2013
The second largest US pension suffered a 3.7 percent decline in its overall investment portfolio, its first negative return in six years.
2 min read · 22 January 2013
The Washington-based private equity real estate firm has launched a debt financing vehicle to provide up to $1bn to struggling development projects in the US. It will focus on property developments with a total capitalization of between $20m and $75m.
1 min read · 22 January 2013
The London-based private equity firms are believed to have paid up to £100m for a stake in the British women’s clothes and shoe store, L K Bennett. The store founder, Linda Bennett, will remain a “substantial shareholder”.
2 min read · 22 January 2013
The second largest US pension suffered a 3.7 percent decline in its overall investment portfolio, its first negative return in six years. It follows last week's 2.4 percent loss on investments at CalPERS, despite strong returns for private equity and real estate.
2 min read · 22 January 2013
