Some of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.
3 min read · 21 January 2013
Private equity real estate players targeting the US residential sector will have to wait several weeks for details of President Barack Obama’s plans to help homeowners facing foreclosure. Some fear it could prevent the market from finding a natural bottom.
2 min read · 21 January 2013
US Treasury Secretary Timothy Geithner admits the strategy will ‘cost money, involve risk, and take time’, as he outlines plans to create a public-private investment fund to help banks get rid of their ‘legacy’ loans and assets, as well as expand the government’s lending scheme to include help for commercial mortgages.
2 min read · 21 January 2013
The publicly traded alternatives manager reportedly cut around 100 jobs towards the end of 2008, as its share price was hitting an all-time low.
1 min read · 21 January 2013
The hospitality-focused private equity real estate fund, which closed its HEI Hospitality Fund III last year on $515m, insists the sector will continue to reprice through 2009. Having dry powder will be key to securing the best investments.
1 min read · 21 January 2013
The Madrid-based firm has bought the retail property on behalf of its IRUS European Retail Property fund, intending to add further space at the asset.
1 min read · 21 January 2013
The wife of Singapore’s prime minister will in October cease leading Temasek, which has come under fire for financial services over-exposure. The sovereign fund and avid private equity player will be led by ex-BHP Billiton chief executive Chip Goodyear, a succession that has been planned for 'more than a year'.
2 min read · 21 January 2013
The Chicago-based fund manager is targeting its $3bn Asia fund mainly in Japan and China. LaSalle, which has invested 20% of the fund, says it is in no hurry to make more investments in 2009.
1 min read · 21 January 2013
The 87-year-old retail company has filed for Chapter 22 bankruptcy protection less than one year after originally being brought out of Chapter 11. Private equity firms are among potential buyers, Fortunoff says.
2 min read · 21 January 2013
A mortgage company has teamed with a title company to launch First Equity Capital, a fund ‘to stem the tide of foreclosures and delinquencies’ in the US housing market. In December, more than 300,000 home owners filed foreclosure in the US.
2 min read · 21 January 2013
