Private equity firms must better voice the benefit of their activities to pensioners in order to combat assaults by unions, such as the US’ SEIU, New Mountain Capital managing director Michael Flaherman told the PEI Investor Relations and Communications Forum in New York today.
2 min read · 22 January 2013
US House Ways and Means Committee chairman Charles Rangel has again introduced a bill that would attempt to tax carried interest as personal income after dropping an identical provision last December.
2 min read · 22 January 2013
The Chicago-based real estate investment firm has closed its LaSalle Income and Growth Fund V, a value-added fund targeting US properties affected by the capital market dislocation.
1 min read · 22 January 2013
Wilson Lee, the former UBS and Lehman Brothers real estate professional, has joined ING Real Estate Investment Management in Europe to lead the firm’s new opportunity fund business in the region.
2 min read · 22 January 2013
New York hotel group, Morgans Hotel, is the newest partner in a JV between private equity real estate firm Normandy Real Estate Partners and Ames Hotel Partners to redevelop Boston’s first skyscraper into a boutique hotel.
2 min read · 22 January 2013
The real estate services firm agrees to acquire its smaller rival in a bid to bolster its presence in key US markets and its tenant representation business. The merger will leave Jones Lang LaSalle with almost 50,000 employees and 184 offices worldwide.
2 min read · 22 January 2013
London private equity real estate firm Europa Capital has closed two vehicles giving it €2.5 billion of acquisition firepower to capitalize on 'difficult and volatile credit conditions.'
1 min read · 22 January 2013
The US sale and leaseback specialist is manning its second office in Europe in the belief that the region offers burgeoning deal opportunities.
1 min read · 22 January 2013
The San Francisco Employees’ Retirement System is joining a growing number of public pensions which have increased their real estate and private equity targets in recent months.
1 min read · 22 January 2013
PIK structures, frequently found in LBO-related debt offerings and currently being exercised by firms including KKR, Bain and Permira, may be staving off inevitable default to the detriment of debt-holders, according to Standard & Poor’s.
2 min read · 22 January 2013
