A US private equity firm has invested in a lender foreclosed property auctioneer hoping to benefit from the turmoil in the mortgage sector.
1 min read · 22 January 2013
The US retirement plan insists it will keep the majority of the assets as a long-term owner, despite having seen more than $3bn wiped off the value of the housing stock.
2 min read · 22 January 2013
The private equity giant has named Christopher Dodds as a senior advisor less than three months after the departure of financial services co-head David Zweiner. In related news, the firm also exited telecom company Crest Communications for $70m.
2 min read · 22 January 2013
The Simsbury, Connecticut-based firm is targeting $750m for its latest real estate fund – the largest dedicated secondaries real estate vehicle ever. It comes amid a massive rise in LP demand for liquidity.
1 min read · 22 January 2013
Private equity, real estate and infrastructure are the asset classes most likely to see increased allocations from LPs, according to a trio of recent studies.
2 min read · 22 January 2013
Hank Paulson, US Treasury Secretary, said today buying troubled assets is not the most effective way to use TARP funds.
2 min read · 22 January 2013
Jeffrey Schwartz, chief executive and chairman of the global logistics firm, resigned today. The Denver-based company, which manages a series of institutional property funds, is cutting jobs and costs as well as halting new developments in the face of a serious downturn.
2 min read · 22 January 2013
The global buyout group has taken another step away from venture capital. It closed its venture-focused Boston office last year.
1 min read · 22 January 2013
The emirate’s government has reportedly formed a high-level committee to oversee future real estate developments, as concerns mount over the region’s property markets. It comes as developer Damac cuts 200 jobs, or 2.5% of its workforce in response to the worsening outlook.
2 min read · 22 January 2013
The Shanghai-based investment firm will invest $30m for a 25 percent stake in a joint venture with Chinese developer, China Housing & Land Development, to build a 79-acre mixed-used project.
1 min read · 22 January 2013
