As limited partners see distressed development as an investment opportunity, they are asking general partners for shorter fund lengths.
1 min read · 21 January 2013
Annapolis, Maryland-based Thayer Lodging Group positions itself to buy distressed hotel assets after hiring former HEI Hotels & Resorts acquisitions executive Jin Lee. The firm 'intends to be a major investor' in 2009.
1 min read · 21 January 2013
Some of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.
3 min read · 21 January 2013
Private equity real estate players targeting the US residential sector will have to wait several weeks for details of President Barack Obama’s plans to help homeowners facing foreclosure. Some fear it could prevent the market from finding a natural bottom.
2 min read · 21 January 2013
US Treasury Secretary Timothy Geithner admits the strategy will ‘cost money, involve risk, and take time’, as he outlines plans to create a public-private investment fund to help banks get rid of their ‘legacy’ loans and assets, as well as expand the government’s lending scheme to include help for commercial mortgages.
2 min read · 21 January 2013
The publicly traded alternatives manager reportedly cut around 100 jobs towards the end of 2008, as its share price was hitting an all-time low.
1 min read · 21 January 2013
The real estate investment firm has hired Sharon Ann M Miller to lead the firm’s investor relations activities. It comes on the back of promoting David Streicher to partner and Jennifer Levy as CFO.
1 min read · 21 January 2013
London-based Geni Capital and Dubai's AREIT Management say the closed ended opportunity fund aims to launch with at least $100 million, with a cornerstone investor already having been lined up.
2 min read · 21 January 2013
The wife of Singapore’s prime minister will in October cease leading Temasek, which has come under fire for financial services over-exposure. The sovereign fund and avid private equity player will be led by ex-BHP Billiton chief executive Chip Goodyear, a succession that has been planned for 'more than a year'.
2 min read · 21 January 2013
Audax co-founders Marc Wolpow and Geoffrey Rehnert lost a ‘painful’ amount of personal money, while a Thomas H Lee-controlled fund of hedge funds had invested an undisclosed amount with Madoff Investment Securities.
2 min read · 21 January 2013
