Mountgrange Investment Management, which raised its debut opportunity fund in 2009, is backing a venture to develop 15 London budget hotels under a franchise agreement with Tune Hotels run by Asia entrepreneur Tony Fernandes.
3 min read · 24 January 2013
The London-based multi-manager group has appointed Bart Coenraads as head of its operations in the Asia Pacific region, as it eyes increased secondaries, and some recapitalisation, opportunities.
2 min read · 24 January 2013
The Australian Tax Office has finally ruled on an issue which arose following a dispute with TPG over taxes payable on the returns from the IPO of Myer Group in October 2009.
2 min read · 24 January 2013
The Chicago-based firm has sold 1501 M Street NW in the US capital less than 18 months after acquiring it at discount from CBRE Investors. The property was bought through JBC's $289m Fund III.
1 min read · 24 January 2013
After opening an office in London and hiring Sean Kelly Rand to help leads its European activities, the New York-based firm has tapped Bradley Carroll as managing director.
1 min read · 24 January 2013
The US firm is committing to a £37m JV with operating partner, The Local Shopping REIT, to invest in retail parades and precincts.
2 min read · 24 January 2013
The firm, founded by Jeff Krasnoff and backed by Lennar, has already acquired one of the largest FDIC portfolios to date for its Rialto Real Estate Fund, which is believed to be targeting $750m.
2 min read · 24 January 2013
The Swiss-headquartered alternatives firm has already deployed 30 percent of its equity in regions including North America, Latin America, Europe and Asia Pacific.
1 min read · 24 January 2013
It has been reported that China’s State Administration of Foreign Exchange has allowed the Shanghai government to greenlight the conversion of $3bn into RMB for investment into private equity funds. Whether this money will be treated as local capital still remains unclear.
3 min read · 24 January 2013
The $8.8bn pension is shifting its focus to private real estate, away from REITs, as it increases its allocation to the sector.
2 min read · 24 January 2013
