LP Capital, a California-based firm that is also one of CalPERS’ advisors, beat out StepStone to replace Portfolio Advisors as the US pension’s private equity gatekeeper.
1 min read · 22 January 2013
The Miami-based investment vehicle set up by private equity firm Lubert-Adler and private multi-family developer The Related Group names Jordan Paul as senior managing director.
1 min read · 22 January 2013
Mubadala Development Company has formed a joint venture with the John Buck Company, planning to take a stake in the company as well.
2 min read · 22 January 2013
National Bank of Kuwait has launched a Shariah-compliant fund to invest in real estate assets, developments and operating companies.
1 min read · 22 January 2013
Though its private equity bidders may have wanted to sell off its property assets, the chain has actually bought back 38 of its stores since rejecting their offers.
2 min read · 22 January 2013
The retirement system’s board has postponed its vote on a bill staff estimates would cost up to $12 billion in lost private equity returns.
2 min read · 22 January 2013
The real estate arm of Morgan Stanley has invested some of its $2.2 billion Special Situations Fund III to acquire shares in developer Adama in an effort to access the markets of Romania, Ukraine and Turkey.
2 min read · 22 January 2013
The hip British ‘conveyor belt sushi’ chain has been acquired from its management and Primary Capital in a deal valuing the company at £51m.
1 min read · 22 January 2013
Fundraising by European-focused opportunity real estate vehicles has reached $5 billion this year with the closing of Apollo Real Estate Advisors' third dedicated Euro fund.
2 min read · 22 January 2013
The $121 billion CPPIB today argued before US lawmakers that it should not be lumped in with all sovereign wealth funds, as legislators in California attempt to bar the US’ largest pension groups from investing in private equity funds tied to sovereign wealth funds.
3 min read · 22 January 2013
