Apollo and TPG Capital-backed Harrah’s, loaded with $22bn of debt from its $27bn buyout in 2008, has eased its debt burden through recent refinancings but has not solved its problems, according to Moody's.
2 min read · 24 January 2013
The Washington DC-based firm is expected to close on roughly a dozen capital commitments for its US Government Properties Income and Growth Fund in the next week.
2 min read · 24 January 2013
The founder of Colony Capital has clarified his widely reported comment that real estate has become “tiring and boring”, telling PERE that a protracted era of restructuring had taken “velocity, arbitrage and outsize returns” out of the asset class.
3 min read · 24 January 2013
The US pension refuses to ‘sell at loss’, temporarily shifting 5% of its equities portfolio to private equity, real estate and fixed income to take advantage of distress.
2 min read · 24 January 2013
The Chicago-based form has recruited a securities fund manager from Australia’s Challenger Financial Services
1 min read · 24 January 2013
Hewitt Associates’ plan to acquire EnnisKnupp will build out the firm’s investment consulting business, advising LPs on private equity, real estate and infrastructure investments. Hewitt will pick up several of EnnisKnupp’s large pension fund clients that allocate to private equity.
2 min read · 24 January 2013
The Boston-based private equity real estate firm has sold its stake in the Telus Tower to the Healthcare of Ontario Pension Plan, which now owns 90% of the 810,000 sq. ft property.
2 min read · 24 January 2013
Alfred Villalobos, the embattled placement agent accused of bribery, said he plans to sue CalPERS for spreading 'lies' about him.
2 min read · 24 January 2013
General Atlantic is exiting its minority position in healthcare management company Qualicorp as Carlyle takes control.
2 min read · 24 January 2013
The global head of Clifford Chance’s private funds group, Jason Glover, will establish a UK practice for Simpson Thacher & Bartlett.
2 min read · 24 January 2013
