As British bank Barclays snaps up Lehman’s core investment banking businesses, the fate of the bankrupt bank’s investment management division including its private equity and real estate portfolio has yet to be sealed.
1 min read · 22 January 2013
The fall-out from the collapse of investment banking giant Lehman Brothers could have long-term implications on the real estate investing marketplace, according to private equity real estate professionals, but at the moment most investors are adopting a wait-and-see attitude.
3 min read · 22 January 2013
Should the insurance giant seek liquidity through the sale of its $758bn asset management arm, insiders say it will likely be slowed by the US government's newly acquired controlling stake, as well as issues including the mixture of AIG balance sheet capital with client funds.
2 min read · 22 January 2013
The private equity firms are reportedly in discussions to buy Lehman’s investment management unit, which includes its $30bn private equity portfolio. The price of the investment management arm, around $5bn last week, may come down after Lehman’s bankruptcy filing yesterday.
1 min read · 22 January 2013
Amid the turmoil of its parent company, AIG's investment arm continues its Asian expansion with the hiring of Michael Chae. The fate of the firm’s substantial private equity and real estate businesses remains uncertain.
2 min read · 22 January 2013
Richard Klapow has left Macquarie Capital’s advisory arm in New York to join Alinda Capital Partners as a managing director, marking the third recent senior executive departure at Macquarie.
2 min read · 22 January 2013
The US alternative asset manager, which has been active in Spain recently, has agreed a joint venture to develop a retail warehouse in Malaga, southern Spain.
1 min read · 22 January 2013
The US firm and its newly installed president, Michael Pralle, has appointed the former head of asset management at Merrill Lynch for its European operation as well as a vice president of risk management in Latin America from GE Capital.
1 min read · 22 January 2013
The troubled Australian mall owner has confirmed a $714m agreement to sell 29 of its 30 assets to a private real estate investor has collapsed. The company says the investor ‘elected to terminate the agreement’ but insisted talks were continuing.
2 min read · 22 January 2013
As part of a frantic weekend on Wall Street, Bank of America has agreed to acquire Merrill Lynch, including its investment management business. A spokesman said it was ‘too early’ to tell whether the deal would include Merrill’s private equity portfolio, or whether it would spin out as an independent firm.
3 min read · 22 January 2013
