The founders of Blackstone and Equity International lead the Forbes 400 list of the richest investors in private equity real estate in the US with an estimated wealth of $6.4bn and $5bn respectively.
2 min read · 22 January 2013
Along with those of Stanford and British Columbia, Harvard University’s $37bn endowment has scored top marks for sustainable investment. Harvard's endowment, an active private equity LP, returned 8.6 percent for the fiscal year ended 30 June.
1 min read · 22 January 2013
Founder Wesley Edens claims the move is necessary to retain capital for ‘tremendous opportunities’ in banks, insurance companies and other asset management businesses. The dividend cut may be linked to a dip in Fortress' fundraising pace.
2 min read · 22 January 2013
Shareholders in light industrial property investor Spazio Investment, which include prominent hedge fund GLG Partners, are forcing a shake-up of the company leading not only to accelerated asset disposals and a halt to new acquisitions, but the alteration to incentive fees for external asset manager, Italy’s Pirelli Real Esate.
2 min read · 22 January 2013
The talk surrounding emerging markets has been focused on growth. Now, however, it's also about distress.
2 min read · 22 January 2013
The US conglomerate said it was looking to cut its commercial real estate assets to $80bn from $90bn over the next year as part of the firm’s plans to scale back on its financial arm, GE Capital.
2 min read · 22 January 2013
The real estate investment arm of insurer Prudential Financial and Hong Kong company Minmetals are reportedly buying a 99 percent stake in a housing project in Nanjing, China.
2 min read · 22 January 2013
The global mid-market buyout group has upped its investments in buyout and infrastructure deals, despite a roughly 40 percent fall in the total value of its investments over the past five months. The firm’s realisations also slowed significantly.
2 min read · 22 January 2013
The agreement to inject funds into Plantation Place, near Liverpool Street station, follows a breach of banking covenant by its owners Invista Foundation Property Trust and Tishman International.
1 min read · 22 January 2013
The Houston-based real estate investment firm is paying a record $235m – $4,900 per square foot – for the San Francisco site of the firm’s planned Transbay Tower project. The development is expected to be the tallest building on the US West Coast.
2 min read · 22 January 2013
