The quoted investment manager suffered a net loss for the first time in its history, due largely to hedge fund positions. Its private equity portfolio is 'in better shape' than many competitors, chief executive Nemir Kirdar has said.
2 min read · 21 January 2013
MGPA, the European and Asian private equity real estate firm, is creating value in Paris by pre-letting a development scheme to one of the country’s leading corporations.
1 min read · 21 January 2013
The three US firms are reportedly up against Development Bank of Japan and an investment arm of Daiwa Securities, in the $1.1 billion auction for troubled J-REIT, New City Residence.
1 min read · 21 January 2013
The US private equity firm is having to discuss its predicament with bondholders of a securitised loan backed by an office in London that Carlyle acquired in 2006.
1 min read · 21 January 2013
The private equity veteran will not apply the standard ‘2-and-20’ fee structure on its infrastructure fund, which is targeting $4bn.
2 min read · 21 January 2013
David Edwards, head of research for LaSalle Investment Management in Asia, is to take charge of the firm’s open-ended Asia Property Fund. Kenneth Tsang takes over Edwards’ former role.
1 min read · 21 January 2013
General partners attending this year's PERE Forum in Hong Kong were today warned that despite the inability of many US pension funds to commit equity this year, they expect communication from GPs throughout the year. Those who listen to the advice will be well positioned to take advantage when their equity doors open again in 2010.
1 min read · 21 January 2013
Shake-up as Morgan Stanley’s New York-based global head of real estate investments is placed on ‘administrative leave’ with no date to return to his post. Owen Thomas, head of Morgan Stanley Asia, has taken over the role in the meantime, according to reports.
2 min read · 21 January 2013
Just $435bn was invested worldwide in commercial property in 2008, according to Cushman & Wakefield, down 59% from $1tn in 2007. Those figures are expected to fall again in 2009. Emerging markets were the most resilient though – with China now the world's second most popular country for investment.
2 min read · 21 January 2013
Annapolis, Maryland-based Thayer Lodging Group positions itself to buy distressed hotel assets after hiring former HEI Hotels & Resorts acquisitions executive Jin Lee. The firm 'intends to be a major investor' in 2009.
1 min read · 21 January 2013
