The newly unveiled PEI 300 ranks Goldman Sachs Principal Investment Area as the largest private equity direct investment programme in the world, just ahead of Carlyle and KKR. The 300 firms on the list have collectively raised less capital over the past five years than in previous years’ rankings.
2 min read · 24 January 2013
PEI Media, publisher of PERE, has raised nearly £3,400 for charity Downsed at this year’s London Marathon. Paul McLean, one of two runners to represent the company, recorded a personal best time of 3hrs 53mins.
1 min read · 24 January 2013
TPG Capital and Caruso Capital Partners have formed a joint venture that will invest as much as $750m of debt and equity in retail centers and mixed-use properties in the western US.
2 min read · 24 January 2013
Atlanta-based Invesco has held a final close for its Mortgage Recovery Fund on $1.46bn of commitments. The fund is part of the US Treasury’s Public-Private Investment Program.
1 min read · 24 January 2013
According to INREV, the European association for investors in non-listed real estate, fund managers raised €5.9 billion last year, down from €14.8 billion in 2008.
2 min read · 24 January 2013
In this fourth annual ranking of the world’s largest private equity firms you will find many familiar names and placements but also some notable shuffling in the ranks, reflective of a dramatically changed fundraising market as well as the rise of specialist and emerging markets strategies.
10 min read · 24 January 2013
A bid by UK charitable foundation The Wellcome Trust and The Blackstone Group to buy 318 branches owned and operated by UK bank The Royal Bank of Scotland, has been withdrawn.
2 min read · 24 January 2013
Canada-based China Select Capital Partners has received approval from the municipal government of Suzhou Industrial Park to set up funds denominated in the Chinese currency.
1 min read · 24 January 2013
RREEF and ING Clarion’s real estate securities arm have backed Simon Property Group’s revised recapitalisation plan for bankrupt REIT General Growth Properties.
2 min read · 24 January 2013
Erol Uzumeri, who oversees $10bn in private equity assets, is reportedly leaving the Canadian pension to launch his own investment firm.
1 min read · 24 January 2013
