The world’s largest sovereign wealth fund and one of the most influential cornerstone investors in private equity real estate has appointed a global head to lead its real estate investing strategy. Bill Schwab has joined the wealth fund from JP Morgan.
1 min read · 21 January 2013
The Singapore-listed leisure resort manager and developer aims to complete fundraising for the Vietnam, Cambodia and Laos development-focused fund this quarter. It is targeting between $300m and $400m.
2 min read · 21 January 2013
Alex Edwards will spearhead the placement agent’s development in South Asia, New Zealand and his home country of Australia.
1 min read · 21 January 2013
The transformation of Atrium European Real Estate continues with the hire of a chief financial officer.
2 min read · 21 January 2013
Garth Peterson, who headed the bank’s real estate investing business in China, was promoted to managing director in 2007.
1 min read · 21 January 2013
Ardent Hotel Investors, backed by high net-worth capital, will focus on US hotel assets valued at up to $75m. Steve Surgent, former Everest Holdings executive, will lead the firm’s activities saying today is a time to be preparing to buy.
1 min read · 21 January 2013
The Florida-based firm joins several other high-profile private equity firms that have cut back on staff to control costs amid recession, including Blackstone and Carlyle. Sun invested alongside Lubert-Adler in US retailer Mervyns, which last year filed for bankruptcy.
2 min read · 21 January 2013
The US private equity firm has closed its latest mega-fund, Carlyle V, below its original $15bn target owing to the economic climate. The fund consists of primarily returning investors and is 30% committed.
1 min read · 21 January 2013
James McNulty has been hired as an executive advisor to help the Cleveland-based private equity real estate firm identify opportunities in North American parking, transportation and infrastructure businesses. Gates manages three car parking-focused funds.
1 min read · 21 January 2013
The UK property company belonging to the Duke of Westminster has appointed Andrew Bibby as CEO of its US activities. Earlier last year, Grosvenor US said it had reversed an investment freeze on the residential sector following the credit crunch.
2 min read · 21 January 2013
