After closing its latest opportunity fund on $4.7bn, Morgan Stanley Real Estate Investing believes the US debt space will be an marketplace for the firm. MSREI’s head of Americas and global head of debt investing speaks to PERE.
2 min read · 24 January 2013
The latest twist in the Capitol Hill carried interest drama would treat 65% of carried interest as ordinary income, but that would drop to 55% for investments held for seven years or more.
2 min read · 24 January 2013
A new, new tax compromise makes carried interest even more legit.
2 min read · 24 January 2013
For pensions looking to get into infrastructure, the inaugural ranking of the 30 largest infrastructure investors in the world – compiled by Infrastructure Investor magazine – shows that direct investing is the way to build a hefty investment programme in the asset class.
2 min read · 24 January 2013
Billionaire activist investor Nicolas Berggruen has reportedly won the bidding for the troubled German department store chain, Karstadt. The Goldman Sachs-led investment entity Highstreet, which owns a majority of Kartstadt real estate assets, is said to be unwilling to make concessions requested by Berggruen to save the department store brand.
2 min read · 24 January 2013
The US global buyout firm has announced a €900m joint venture with Dublin’s Green Property to acquire assets particularly in partnership with government agencies and financial institutions
2 min read · 24 January 2013
The Greenwich, Connecticut-based firm has already invested roughly $200m of its $965m Starwood Capital Hospitality Fund II – three-quarters of that targeting debt deals in the sector and 40 percent invested internationally.
2 min read · 24 January 2013
The senior management of HSBC’s infrastructure and real estate arm is in talks with the parent bank regarding a management buyout. The deal would leave HSBC with a 20% stake in its specialist unit and would pre-empt expected regulatory changes that could impact banks’ ownership of private equity vehicles.
2 min read · 24 January 2013
Hamilton Lane has been selected to take over as the Washington State pension plan’s private equity mandate from Capital Dynamics.
1 min read · 24 January 2013
The Dutch pension fund manager has teamed up with retail REIT Inland Real Estate to target grocery-anchored and community retail centres in the Midwest
2 min read · 24 January 2013
