The San Ramon, California-based multifamily operating partner has secured an equity investment from 29th Street Capital, a recent platform that invests high-net-worth capital. The firms are targeting a $60m fundraise as they source JV equity for deals in the western US.
2 min read · 18 January 2013
With institutional investors underweight to the asset class by roughly 2%, industry professionals argue billions of dollars of additional capital will come back to global real estate, not least from sovereign wealth funds.
2 min read · 18 January 2013
The Stockholm-based private equity real estate firm holds a first closing for its Niam Nordic V fund. The vehicle will be used to invest in a range of real estate sectors and will include some development acquisitions.
1 min read · 18 January 2013
The Los Angeles-based firm has bought two portfolios comprising 1,500 loans and with an unpaid principal balance of $817m for 24 cents on the dollar. The deal marks the firm’s fifth FDIC structured loan acquisition.
2 min read · 18 January 2013
The two New York-based fund managers have agreed a deal that sees Tishman buy the two-building headquarters for $65m for its $1bn Fund VII. Tishman plans to spend around $23m on upgrades.
2 min read · 18 January 2013
Private equity real estate placement agent Spearhead Capital Partners has hired Anthony Biddulph as a consultant to expand its service to clients in Europe and the Middle East.
1 min read · 18 January 2013
The Middle East’s largest private equity firm has launched a joint venture entity with Saudi gateway investment body Saudi Arabian General Investment Authority (SAGIA), to invest SAR2bn in the country across sectors including real estate and private equity.
2 min read · 18 January 2013
An informal survey taken at PEI Media's CFOs and COOs Forum in New York last week revealed GPs plan to contribute between 2% and 5% to their own funds going forward to better align interests with LPs.
3 min read · 18 January 2013
Evan Bayh, the former US Senator from Indiana, will join the firm as Apollo prepares to go public.
2 min read · 18 January 2013
The SEC lacks the manpower and expertise to monitor private equity and real estate firms, former SEC chairman Harvey Pitt told delegates at a recent conference.
3 min read · 18 January 2013
