Draft legislation, which would require all private equity, private equity real estate and hedge fund managers with more than $150m in assets to register with the SEC, must now face a test in the Senate.
2 min read · 21 January 2013
Scott Lawlor, founder of the troubled private equity real estate platform, will roll out a residential strategy ‘imminently’. But he insists to the New York Times Broadway’s problems were bad timing and the severity of the crash – not leverage.
3 min read · 21 January 2013
Wesley Edens, the firm’s co-chairman, said Fortress portfolio company Nationstar, a mortgage servicer acquired from Centrex homebuilder in 2006, was a candidate for a possible IPO. Edens also defended Fortress' fund performance.
3 min read · 21 January 2013
Mansco Perry, the chief investment officer of the Maryland State Retirement Agency, says the pension system views real estate as a long-term asset class, still wants real estate fund managers … but wants fees to come down. By Robin Marriott
3 min read · 21 January 2013
The West coast debt shop is set to acquire Lehman Brothers Real Estate Mezzanine Partners I and II following 'many months' of negotiations. PCCP will open an office in New York to help deal with the fund workouts.
2 min read · 21 January 2013
Barry Sternlicht, CEO of Starwood Capital, warns the US government's bailout programmes are not needed in today's markets as capital looks to the asset class in the search for yield.
2 min read · 21 January 2013
After hearing evidence from industry witnesses about “protectionist” elements of proposed EU regulations, the UK’s House of Lords has written to the Financial Services Secretary about the threat to the EU’s global competitiveness.
3 min read · 21 January 2013
The Oregon Investment Council has asked Wesley Edens, principal and co-chairman of Fortress Investment Group, to review the firm’s fee structures.
3 min read · 21 January 2013
If carried interest is taxed as ordinary income in the US, American GPs will face much higher tax rates than some of their European peers.
2 min read · 21 January 2013
The bill now goes before the US Senate, and if approved will likely be signed into law by President Obama.
2 min read · 21 January 2013
