The asset management unit – formed in September in the wake of Centerbridge’s acquisition of GMAC’s resort finance business – taps Mitchell of Ally Financial to help lead the firm, adds five other senior execs
2 min read · 24 January 2013
The $400bn-plus Norwegian sovereign wealth fund has been urged to increase its exposure to riskier assets including infrastructure, but should be ‘circumspect’ about private equity.
2 min read · 24 January 2013
The Philadelphia-based firm has secured $100m from the New Jersey Division of Investment as it raises a co-investment vehicle to sit alongside its $2bn Fund VI. However, the co-investment fund will only be allowed to invest in new deals.
2 min read · 24 January 2013
The McLean, Virginia-based firm has partnered with Formation Capital to buy six skilled nursing homes from healthcare provider Adventist.
2 min read · 24 January 2013
PEI recently sat down with a panel of private equity LPs, including Michele Kinner of Quilvest, to get their insights into top issues in the industry.
10 min read · 24 January 2013
A joint venture partnership between AREA Property Partners and Aimbridge Hospitality has acquired three Hyatt branded hotels in Chicago.
1 min read · 24 January 2013
Ernst & Young expert says the newly-proposed European Market Infrastructure Regulation (EMIR) on over-the-counter derivatives is going to restrict oppo funds in how they would like to make money for themselves and investors
3 min read · 24 January 2013
The firm has acquired a 44% leased office property out of foreclosure after Seattle developer Michael Mastro was forced into bankruptcy, as well as a fully leased industrial asset in Fremont, California.
2 min read · 24 January 2013
The bifurcation of global real estate markets has seen the spread between prime and secondary property yields and cap rates widen by up to 400-450bp, with more LPs expected to target the sector in developed markets in 2011, according to ING REIM's latest outlook report.
2 min read · 24 January 2013
The Global PERE Awards are back, and we want you to nominate deserving candidates in as many categories as possible
2 min read · 24 January 2013
