Real estate GPs know that chaos breeds opportunity as well as loss.
2 min read · 22 January 2013
The public private partnership represents the largest development of schools in Canadian history and the second such project for Babcock & Brown Public Partnerships in that country. The fund has a 75 percent equity stake in the 32 year design, build, finance and maintain contract.
3 min read · 22 January 2013
The UK asset manager continues to beef up its operation with the appointment of James Buckley as head of its Asia fund of funds.
1 min read · 22 January 2013
The 30-year veteran of Europe’s real estate market, Robert La Fors, has retired from the industry having helped establish LaSalle’s Amsterdam investment business.
1 min read · 22 January 2013
The New York-based fund manager has hired Heather Mutterperl to build its asset management team, particularly in the multifamily sector. Mutterperl was part of the three-man team who launched the $100m TriLyn-Investcorp Mezzanine Fund.
1 min read · 22 January 2013
The real estate investment firm has bought the office property that was the backdrop to the US TV show, LA Law, from Broadway Partners for an undisclosed sum. Broadway says it is in the midst of ‘harvest’ the value of its property portfolio.
2 min read · 22 January 2013
Jay Light, former professor to Steve Schwarzman and a director of university endowment Harvard Management Company, has joined Blackstone’s board of directors. Separately, Blackstone has been named as an advisor in the $85bn bailout of AIG.
2 min read · 22 January 2013
US presidential candidate John McCain has come under fire by the Service Employees International Union for his ties to Kohlberg Kravis Roberts founder Henry Kravis. However, according to the Center for Responsive Politics, it is McCain’s Democratic rival Barack Obama that is pulling in the most money from the private equity industry.
2 min read · 22 January 2013
A survey has found that 25 percent of European investors are considering cutting their exposure to real estate funds in the short-term, yet investors are also planning to increase their exposure to opportunity funds.
3 min read · 22 January 2013
Kohlberg Kravis Roberts has hired Makram Azar, former global head of sovereign wealth funds at Lehman Brothers. Azar will lead its push into the Middle East and North Africa, setting up KKR's first office in the region.
2 min read · 22 January 2013
