George Bilicic, who joined KKR in May, will rejoin Lazard as chairman of its power, utilities and infrastructure practice. A source said Bilicic was leaving the firm over differences about how KKR should build its infrastructure team.
2 min read · 22 January 2013
With distributions from real estate funds at a minimum and general chaos in the financial markets, limited partners are struggling to come to terms with the new global situation, according to a conference in London. It does not mean though that the real estate fund management model is dead.
2 min read · 22 January 2013
The $64bn Daido Life Insurance Company is eyeing the US real estate and credit markets owing to "opportunities" it said were created by the recent market downturn.
1 min read · 22 January 2013
The Helios AR Real Estate Fund I will focus on investments in the Southeast and Mid-Atlantic US across the office, industrial, retail and related property sectors. Chairman and CEO Michael Adler said market conditions made it important to have discretionary funds available.
1 min read · 22 January 2013
The real estate investment firm has appointed Timothy Zietara to help grow its debt business as it targets $1bn for its latest debt investment vehicle, ING Clarion Debt Opportunity Fund III.
1 min read · 22 January 2013
The New York-based private equity real estate firm has changed its name to AREA Property Partners, effective from January next year, following Leon Black’s decision to expand his Apollo Global buyout shop into the real estate space.
2 min read · 22 January 2013
The UK mid-market firm has reunited with the management team behind Optimum Care and Avery Healthcare to create a new care home company, which will develop new nursing and dementia care homes and buy existing assets.
1 min read · 22 January 2013
A majority of the city council supports a proposal by the Working Families Party, a grassroots political group, to include carried interest under the city’s 4% unincorporated business tax. The lobby group said 'everyone has to pay their fair share'.
2 min read · 22 January 2013
Australia’s Goodman Group has bought out joint venture partner Macquarie Group from several property interests for $A200m. The move is part of a restructuring plan which includes asset sales and a $A955 million ($599 million) capital raising mission.
2 min read · 22 January 2013
US and European LPs say they are continuing to grow their mandate for real estate, with private equity the investment vehicle of choice, according to a survey by JER.
1 min read · 22 January 2013
