Erol Uzumeri, who oversees $10bn in private equity assets, is reportedly leaving the Canadian pension to launch his own investment firm.
1 min read · 24 January 2013
Steven Rattner and Howard Margolis (pictured) will join the family foundation of New York mayor Michael Bloomberg, alongside 18 other former Quadrangle employees. Willett is operating from Bloomberg's Upper East Side office.
3 min read · 24 January 2013
Steven Rattner and Howard Margolis will join the family foundation of New York mayor Michael Bloomberg, alongside 18 other former Quadrangle employees.
3 min read · 24 January 2013
CalPERS this week succumbed to public pressure by banning investments with managers who target rent-controlled properties for conversion to market rates. Such deals have burned the pension politically and, in the case of Stuy Town, financially.
3 min read · 24 January 2013
Allianz Real Estate has hired former GE Real Estate director James Stolpestad as its new Americas chief executive officer, as the firm looks to almost double its AUM over the next few years.
1 min read · 24 January 2013
The private equity and real estate giant has reportedly teamed up with a group of investors, led by Centerbridge Partners and Paulson & Co., in a $905m bid for bankrupt hotel chain Extended Stay.
1 min read · 24 January 2013
The Sydney-based developer and fund manager closes on A$500m for its Australian Prime Property Fund Retail. The vehicle will be used to “retire debt from recent acquisitions” according to a statement from the company.
1 min read · 24 January 2013
After almost two years sitting on the sidelines, the New York-based real estate firm is ramping up activity, primarily targeting debt-related deals. It comes as the firm reportedly asks creditors to restructure almost $5bn of debt remaining on its Equity Office Property deal.
3 min read · 24 January 2013
The Chinese firm, together with Temasek and the sovereign wealth fund's newly-formed investment arm Seatown Holdings, has reportedly bought a 4.3% stake in the Chinese meatpacker.
2 min read · 24 January 2013
In a letter to its LP base, Apollo characterised an agreement to reduce CalPERS’ fees by $125 million over five years as an “enhancement” of its relationship with the pension, and said that it plans to accommodate a trend toward separate accounts.
2 min read · 24 January 2013
