One of the long-standing servants of US private equity real estate firm Westbrook Partners has left to lead newly-formed Meadow Partners. He rejoins former Westbrook duo Andrew McDaniel and Timothy Yantz.
1 min read · 21 January 2013
The global investment firm’s $8.8bn MSREF VI International fund will reportedly tack on the latest losses onto an existing $1bn shortfall. Morgan Stanley is still fundraising for Fund VII, which has closed on $6bn of commitments against a target of $10bn.
2 min read · 21 January 2013
The Connecticut-based firm is raising its debut $1bn fund that will focus on core capital assets related to the transportation, industrial and energy sectors. Its founding partners previously focused on similar investments at Citigroup.
1 min read · 21 January 2013
Bill Hughes, the newly-installed chairman of the UK’s Association of Real Estate Funds and head of property at British insurer Legal & General, tells PERE this month that one of his focal points is examining the structure of open-ended vehicles following mass redemptions across Europe.
1 min read · 21 January 2013
Despite posting a loss of $5.46 billion for 2008, the Finnish pension fund sees real estate outperform its other investment sectors.
1 min read · 21 January 2013
David Moffett has stepped down after six months leaving the US mortgage giant scrambling for an interim replacement. Freddie Mac plans to request more than $30bn in additional capital from the US government after announcing its fourth quarter losses.
1 min read · 21 January 2013
The former global co-head of asset management for Lehman Brothers private equity real estate, John McCarthy, has left to join Barry Sternlicht’s Starwood. Jeffrey Disher steps down as head of asset management to return to his earlier role leading Starwood’s acquisitions team.
1 min read · 21 January 2013
The private equity firm has hired the former Cohen & Steers chief investment officer, James Corl, to led its foray into real estate. The firm said it would look to create a real estate vehicle to target distressed investments.
2 min read · 21 January 2013
Richard Cotton, a 13-year stalwart of real estate investment banking at JP Morgan Cazenove in London is leaving to join Greenwich-based Forum Partners.
1 min read · 21 January 2013
The London-based firm has appointed former Goldman Sach’s Whitehall Street funds executive director Philipp Braschel to lead the firm in Germany. Recent deals by Benson Elliot include the purchase of Düsseldorf’s Deutsch-Japanisches Center, and an investment in a performing mezzanine debt tranche.
1 min read · 21 January 2013
