CalPERS veteran Anne Stausboll will lead the US’ largest public pension plan and influential private equity investor. The pension is still searching for a CIO following the departure of Russel Read earlier this year.
2 min read · 22 January 2013
As part of its global efficiency drive, the firm’s entire Chinese investment team will be based in Beijing.
1 min read · 22 January 2013
The private merchant bank has appointed former Bear Stearns executive, Thomas Harney, to lead the new real estate operation, which will focus on recapitalisations, joint ventures and opportunistic debt and equity investments.
1 min read · 22 January 2013
David Pearce, a former executive director advising the bank on government and legal relations, has joined the US industry body, the Real Estate Roundtable, as counsel.
1 min read · 22 January 2013
The auto-parts supplier has succumbed to its debt load after failing to refinance $53m on loans. Distressed debt firm Wayzata Investment Partners has bought the company’s debt and will control the bankruptcy process.
1 min read · 22 January 2013
Voting for the first round of the third annual Global PERE Awards will close on January 5, 2009. Have you nominated the people, firms, funds and deals that stood out in 2008 yet? If not, cast your vote now.
2 min read · 22 January 2013
LPs in Lehman's private equity funds have retained Kirkland & Ellis and private equity advisor StepStone to guide them through the auction of Lehman's venture and private equity funds. The bank also hopes to close a deal on its real estate funds in the first half of 2009.
2 min read · 22 January 2013
The asset management arm of the German insurance firm has appointed Stefan Brendgen as its chairman and CIO with effect from next year. The move will release current CEO Karl Ralf Jung to return full time to managing Allianz’s private equity, real estate and infrastructure investments.
2 min read · 22 January 2013
The New York-based private equity and real estate firm will cut 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in its third quarter earnings, despite a $13bn real estate war chest.
2 min read · 22 January 2013
James Elton has resigned from aAIM group, a week after its UK real estate vehicle went into administration.
1 min read · 22 January 2013
