One of the firm’s portfolio companies, Aozora Bank, is a victim in the alleged Ponzi scheme, and the chairman of another portfolio company controls a feeder entity that may have lost $1.8bn to Madoff.
2 min read · 22 January 2013
The C$117.4 billion Canada pension fund is the first investor in Multi Corporation’s retail fund. The fund comprises 21 retail development projects throughout Turkey. CPPIB say Turkey is one of the 'most promising' developing markets in Europe.
1 min read · 22 January 2013
The New York-based private equity and real estate firm will cut 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in its third quarter earnings, despite a $13bn real estate war chest.
2 min read · 22 January 2013
The Middle Eastern market is being affected by the credit crunch as it looks to cut back on ‘overcapacity’. The investment bank operates various private equity and real estate funds, including a $533m Saudi hospitality fund.
2 min read · 22 January 2013
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff across its real estate, private equity, hedge fund and technology businesses. Earlier this week the firm invested in UK debt management company TDX Group.
2 min read · 22 January 2013
The private equity real estate fund has closed its first institutional property vehicle focused on developments in emerging markets of Asia and Eastern Europe. The fund is almost 90 percent invested, mainly in Russia and Turkey.
1 min read · 22 January 2013
The private equity real estate firm is to develop a large shopping centre in a region south of Bratislava. The investment is being in part through Quinlan's €400m European Strategic Real Estate Fund. The centre will cover up to 90 hectares.
1 min read · 22 January 2013
The Los Angeles-based real estate investment and services firm will target real estate opportunities in the Middle East from its Bahrain office.
1 min read · 22 January 2013
The German fund manager says it is reviewing its planned purchase of the Mall of Sofia shopping centre from GE Real Estate and Quinlan Private, in light of the deteriorating financial crisis. Degi says it is vital to recheck all the financial details again.
1 min read · 22 January 2013
A firm set up by Perry Kurash, who cut his teeth at private property company Topland, has established a corporate finance house with four others to source Middle Eastern capital looking for a home in property.
2 min read · 22 January 2013
