The private equity firm has brought on Morgan Stanley’s global head of healthcare investment banking, John Moore, to lead its North American healthcare team. The team will focus on global scalability and cost effectiveness.
2 min read · 21 January 2013
The real estate buyout arm of Lehman Brothers, Lehman Brothers Private Equity Real Estate, has attracted more than 100 expressions of interest for its fund positions and the group operations. Lehman is running a formal bidding process to assess options for the divison. An announcement is expected in Q1.
2 min read · 21 January 2013
The bankrupt newspaper company Tribune Company is hammering out a final agreement to sell the Chicago baseball team purchased by real estate mogul Sam Zell to investment bank head Tom Ricketts, according to a report. Ricketts beat real estate investor Hersch Klaff and private equity executives Marc Utay and Leo Hindery.
2 min read · 21 January 2013
Profits in the fourth quarter for the New York-based firm, which manages more than $1tn in assets, were hit especially hard by hedge fund and real estate losses.
2 min read · 21 January 2013
Transportation Secretary nominee Ray LaHood described public-private partnerships and the tolling of new roads and bridges as “outside the box” ideas the US government should consider in reauthorising an important transport spending bill later this year.
2 min read · 21 January 2013
Joseph Dear, former executive director of the Washington State Investment Board, will take the reins of the pension’s $178bn in assets following the departure of Russell Read last June. Interim CIO Anne Sausboll was recently bumped up to CEO.
2 min read · 21 January 2013
A survey conducted at PEI Media’s annual CFO and COO Forum in New York also revealed that one in 10 firms have recently experienced a defaulting limited partner.
1 min read · 21 January 2013
Joseph Dear, former executive director of the Washington State Investment Board, will become CIO of the US' largest public pension plan following the departure of Russell Read last June. The hire puts an end to speculation that the CIO role would be filled by Carlyle venture veteran Bob Grady.
2 min read · 21 January 2013
A Bilfinger Berger-led consortium was awarded the contract to design, build, finance and operate an 11km section of the country’s M80 motorway.
1 min read · 21 January 2013
Global Infrastructure Partners and a consortium consisting of Citi Infrastructure Investors, Vancouver Airport Services and John Hancock Life Insurance have emerged among the bidders for the UK’s second-busiest airport. The sale is expected to achieve a 'significant premium' to its £1.7bn reserve.
3 min read · 21 January 2013
