A $6bn fund targeting financial services closed last year will downsize to $4.5bn in commitments. TPG is telling investors an influx of US government rescue cash to the sector has diminished opportunities.
2 min read · 21 January 2013
The Mumbai-based fund manager has closed on $150 million for its latest property fund, in which 3i is a key investor. The fund will invest in Tier 1 cities in India.
1 min read · 21 January 2013
Britain says that the original plan to infuse the battered banking industry has proved to be insufficient. Among new schemes is a £50bn fund enabling the Bank of England to buy up troubled financial assets such as syndicated loans.
3 min read · 21 January 2013
The $63.9bn US pension fund said it was planning to pull back on a proposed $150m commitment to Morgan Stanley’s $10bn global fund, blaming declining property prices and increasing debt opportunities. The fund is also looking to withhold a $100m planned commitment to an AEW open-ended fund.
2 min read · 21 January 2013
The private equity real estate firm with more than $3bn in dry powder has hired Matthew Kenney, David Finkel, Zubin Irani, Andrew Gummer and Kunihiko Okumura as principals and managing principals to work from its New York, London and Tokyo offices.
2 min read · 21 January 2013
Global placement agency CP Eaton goes bearish on the US but bullish on Europe and Asia in its latest report.
1 min read · 21 January 2013
The central and eastern European retail developer has agreed to restructure an aborted €300 million rights issue in order to avoid the danger that existing shareholders Citi Property Investors and Gazit-Globe would have to make a mandatory takeover offer for the company under Austrian takeover rules.
2 min read · 21 January 2013
Transactions in the US, India, Japan, Australia and Africa all fell more than 80% in the final three months of 2008. The best performing region was Eastern Europe where sales declined by just 50%. Overall in 2008, global property deals were down 59%.
2 min read · 21 January 2013
Anil Ahuja, formerly co-head of 3i Asia with Mark Thornton, has been appointed as the head of 3i's Asian operations. He will continue to lead the India team and report to Chris Rowlands, chairman of 3i Asia.
2 min read · 21 January 2013
The appointment reflects Doughty’s ambition to continue its Nordic investment drive for its second European fund.
2 min read · 21 January 2013
