The Des Moines, Iowa-based fund manager has hired Douglas Harper as managing director in charge of its US fundraising operations.
1 min read · 18 January 2013
The New York-based firm has closed Savanna Real Estate Fund II after exceeding its original target.
2 min read · 18 January 2013
The Royal Bank of Scotland is expected to shortlist bidders for the sale of a £1.6bn loan book made to UK real estate. The Financial Times listed various private equity real estate platforms as potential bidders.
1 min read · 18 January 2013
The French insurer has taken fundraising for AXA Commercial Real Estate Senior 1 to more than half a billion Euros having corralled an additional €180 million since January.
2 min read · 18 January 2013
Alabama-based alternatives asset management firm Harbert Management Corporation has raised €110m for its Harbert European Real Estate Fund III fund. The firm is expected to close fundraising for the vehicle later this year.
2 min read · 18 January 2013
Florida Governor Rick Scott has backed calls to replace the state’s defined benefit pension scheme with a defined contribution plan. This latest example in the global switch to DC pensions is raising questions over whether there will even be a next generation of private equity real estate LPs.
3 min read · 18 January 2013
Now that the US Congress has avoided a government shutdown by passing a 2011 budget, attention shifts to the 2012 budget. A carried interest tax hike could be likely to help pay for other spending cuts.
2 min read · 18 January 2013
The international property investment group is looking to enter the market this summer with an international property fund targeting between $300m and $500m of equity from third party investors.
2 min read · 18 January 2013
Ex-KKR affiliate KSL Capital Partners has announced the purchase of an historic hotel on Miami’s South Beach area. The announcement comes one week after it emerged the leisure-focused firm had raised $1.5 billion for its third opportunity investment fund.
2 min read · 18 January 2013
News surfaces for the second time this week of a debt acquisition by the New York-based private equity and real estate giant. The firm’s joint purchase of the debt behind 45 hotels was revealed yesterday.
2 min read · 18 January 2013
