For private equity, Obama administration policy proposals have been big news – some of it good, some of it worrying.
3 min read · 21 January 2013
The move by the German Financial Markets Stabilisation Fund (SoFFIN) is a prelude to full nationalisation.
1 min read · 21 January 2013
The asset manager raised capital from its limited partners, including the Oregon Investment Council, to repay margin debt on the German apartment owner which has reportedly been struggling with its debt load.
1 min read · 21 January 2013
The founder of JC Flowers has resigned his position from the supervisory board of troubled European property lender Hypo Real Estate to avoid conflicts of interest as he fights to preserve the value of an investment the firm has made. Richard Mully, a managing partner of fellow Hypo investor Grove International, has also resigned.
2 min read · 21 January 2013
Robert Rackind, who was recruited last September as investment manager for Europe by Australia’s Valad Property Group, left last week to start up his own firm. London-based Davies Street Capital is targeting value-added office opportunities in Western European capital cities.
2 min read · 21 January 2013
Songbird Estates, a property company backed by Morgan Stanley Real Estate Funds, unveiled £1.8bn annual losses today and said there was a ‘material risk’ of breaching banking covenants within the next 12 months. It has appointed UK bank Rothschild to advise on funding options.
1 min read · 21 January 2013
Swedish real estate advisor and fund manager introduces restrictions to prevent a repeat of last October’s run on the German open ended fund sector.
2 min read · 21 January 2013
The two firms invested $25m in the Inner Mongolian hot pot restaurant chain in June 2006. The company was listed on the Hong Kong stock exchange in June 2008.
2 min read · 21 January 2013
The London-based, pan-Europe fund manager has exited from all nine private Irish property syndicate funds it inherited as a result of the 2006 acquisition by its majority owner Savills of property services firm Hamilton Osbourne King. Cordea Savills is concentrating on its institutional clients and segregated accounts as it streamlines the business.
2 min read · 21 January 2013
UK-focused real estate firm Mountgrange Capital is considering funding options as Deloitte is appointed as administrator. However, Mountgrange Investment Management, the separate independent fund management operation, is still fundraising for an opportunity vehicle.
2 min read · 21 January 2013
