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
PERE's sister news service PEO interviews Alberto Torrico, the California assemblyman who recently introduced a proposed law that would force the state’s public pensions to cease ties with firms that are partially owned by certain sovereign wealth funds. Torrico tells PEO he is particularly targeting alleged human rights abuses in the United Arab Emirates, and that the objections voiced by pension investment staff are “overstated, exaggerated”.
6 min read · 22 January 2013
The Spain-based international private equity hotel investment firm with links to London’s Patron Capital has acquired a property in Paris to convert into a boutique hotel.
1 min read · 22 January 2013
The unrelenting rise of sovereign wealth and a promising outlook for MENA private equity funds were among the key talking points at PEI’s Middle East Private Equity Forum in Dubai.
3 min read · 22 January 2013
