Riverstone has already paid $30m to settle its case in the ongoing New York Common pay-to-play investigation.
3 min read · 21 January 2013
The bill now goes before the US Senate, and if approved will likely be signed into law by President Obama.
2 min read · 21 January 2013
The departure of TCW’s chief investment officer Jeffrey Gundlach has triggered a key man clause in its PPIP fund, according to the US Treasury.
2 min read · 21 January 2013
US mall owner Simon Property Group has bought the outlet centre operator Prime Outlets from the private equity firm founded by David Lichtenstein for a reported $700m in cash and the assumption of debt.
2 min read · 21 January 2013
California-based Colony Capital and London-based Orion Capital Managers are to buy up to €1.5bn of debt from Goldman Sachs loaned to struggling Spanish property company Colonial for €950m. The partners "stand to profit handsomely" from the deal, The Wall Street Journal said.
1 min read · 21 January 2013
A bill sent today to the US Senate would impose a 30% withholding tax on US income for foreign fund managers who fail to agree to new transparency requirements.
2 min read · 21 January 2013
US House Ways and Means Committee chairman Charles Rangel has introduced the Tax Extenders Act of 2009, which would tax carried interest as ordinary income rather than capital gains. Similar tax plans have come up short in the Senate.
2 min read · 21 January 2013
LEM Mezzanine, a mezzanine fund affiliated with Lubert-Adler Real Estate, bought the W Union Square Hotel from the private equity arm of Dubai World in foreclosure for a reported $2m, plus the assumption of debt.
2 min read · 21 January 2013
Blake Hutcheson will become CEO of Oxford Properties Group, the C$12bn real estate arm of the Ontario Municipal Employees Retirement System, in February. Hutcheson joins the pension directly from 18-month spell at private equity firm Mount Kellett.
3 min read · 21 January 2013
As large amounts of equity sits on the sidelines waiting to be invested, Encore Equities warns a recovery could take place much faster than people expect.
3 min read · 21 January 2013
