Harvard University is reportedly in advanced talks to sell underlying investments in around six US-focused real estate funds to China sovereign wealth fund, China Investment Corporation.
2 min read · 24 January 2013
Sonny Kalsi, John Carrafiell and Fred Schmidt, a trio of former Morgan Stanley real estate investing heads, form new property firm GreenOak Real Estate with $110m of backing from Dutch listed company, Tetragon. The firm has formed ahead of an expected surge in distressed loan disposals, fire sales, and MBS workouts.
2 min read · 24 January 2013
The global private equity firm has raised almost half of its target for the Carlyle Beijing RMB fund.
2 min read · 24 January 2013
An affiliate company of New York-based investment firm Apollo Global Management is to acquire a 50% stake in Innkeepers, the troubled hotels business, which filed for creditors protection earlier this month, in a deal worth $107.5 million.
1 min read · 24 January 2013
Asset management firm Franklin Templeton’s real estate arm has established a newly dedicated business team to analyse, select and invest in real asset fund opportunities. Sources suggest that the company is planning to launch a real assets fund of funds that will invest in infrastructure as well as other real assets globally.
1 min read · 24 January 2013
Real estate funds from group AMB, Artha Capital, Mexico Retail Properties and Prudential Financial’s Mexican unit will seek to raise about $1.28bn via the Mexican Stock Exchange.
2 min read · 24 January 2013
Non-US based firms will be exempt from SEC registration if they meet certain criteria, including having less than 15 US-based LPs and clients.
2 min read · 24 January 2013
Apollo and TPG Capital-backed Harrah’s, loaded with $22bn of debt from its $27bn buyout in 2008, has eased its debt burden through recent refinancings but has not solved its problems, according to Moody's.
2 min read · 24 January 2013
The Washington DC-based firm is expected to close on roughly a dozen capital commitments for its US Government Properties Income and Growth Fund in the next week.
2 min read · 24 January 2013
The founder of Colony Capital has clarified his widely reported comment that real estate has become “tiring and boring”, telling PERE that a protracted era of restructuring had taken “velocity, arbitrage and outsize returns” out of the asset class.
3 min read · 24 January 2013
