The private equity investor is set to join the slew of firms looking to profit from a growing global need for finance to meet infrastructure costs. Some estimates suggest as much as $360bn will come from private sources.
2 min read · 22 January 2013
The New York-based firm has closed its Apollo Value Enhancement Fund VII, bringing its value-added investment fund series to $2.7bn in total committed equity.
1 min read · 22 January 2013
The ratings agency has highlighted the need for strong management that can manage liquidity in a new report.
1 min read · 22 January 2013
The private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson has hired former IHP Capital Partners senior vice president and controller Johnna Howard as the firm’s new CFO.
1 min read · 22 January 2013
Mark Preston succeeds Jeremy Newsum as chief executive officer of British property group Grosvenor, owned by the Duke of Westminster. Preston was former head of the firm’s UK operations and fund management business.
2 min read · 22 January 2013
Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 min read · 22 January 2013
The Boston-based real estate investment firm appoints former Invesco executive Ben Maudling to lead its operations in Central and Eastern Europe. Taurus president Peter Merrigan says the firm is also planning new offices in Peru and Greece.
2 min read · 22 January 2013
GE Real Estate, which is in the process of setting up a property fund business to rival the likes of Morgan Stanley and Blackstone, has appointed the firm’s general counsel and former Orion Capital real estate professional Thierry Leleu as managing director in Europe.
1 min read · 22 January 2013
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from sister publication PERE Magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year.
2 min read · 22 January 2013
The McLean, Virginia-based firm closes 12 debt deals through its US Debt Co-Investment fund, a joint venture between its private equity real estate arm, JER Partners, and its REIT, JER Investors Trust.
2 min read · 22 January 2013
