The Council of Ministers and the ECON Committee have approved versions of the directive, but crucial differences remain in regards to the ‘third country’ rules. The latter group's version also includes a clause that could block LBOs.
3 min read · 24 January 2013
The Beverly Hills-based investment firm has entered into an equity joint venture with debt shop PCCP to acquire the Summer House apartment complex in Alameda for $86m.
2 min read · 24 January 2013
TPG has reportedly sold a little over half of its 4% stake in China’s Ping An Insurance, which it last week swapped for its stake in Shenzhen Development Bank.
1 min read · 24 January 2013
As the parent company of CWCapital searches for a buyer, Apollo Global and Centerbridge Capital have reportedly made competing bids, while Warren Buffett is also eyeing the US’ second largest special servicer.
2 min read · 24 January 2013
A year after launching a secondaries desk, the global inter-dealer broker will start fundraising for private equity, hedge fund and other alternative investment vehicles.
2 min read · 24 January 2013
The Joint owners of New England’s tallest tower have lured private investment firm Bain Capital to take up to 270,000 square feet of office space on a 15-year lease. The letting brings the occupancy rate of the 1.8m square foot Boston skyscraper to about 95%.
2 min read · 24 January 2013
A study of US CMBS deals reveals that more than 3,500 loans currently have debt service coverage ratios of 1.0x or less. That figure could quickly grow to $75bn as less than half the CMBS universe has reported 2009 financials.
3 min read · 24 January 2013
The $8.2bn Los Angeles City Employees’ Retirement System will invest 90% of its portfolio in closed-ended commingled funds, primarily with core and value-added managers.
2 min read · 24 January 2013
Property markets in the US have not corrected, despite the high prices gained in some recent landmark deals. However, fund managers are in danger of investing capital ‘out of sheer boredom of not doing deals’.
2 min read · 24 January 2013
The Canada Pension Plan Investment Board has acquired a 45% interest in the McGraw Hill building from SL Green for roughly $576m and acquired another 45% stake in the REIT’s recent purchase of 600 Lexington Avenue for approximately $87m.
2 min read · 24 January 2013
