The firm has joined forces with US homebuilder Hovnanian to buy and develop for-sale homes in Chicago and Palm Beach County. GoldenTree invested 80% of the all-equity deal, no financial details were disclosed.
1 min read · 21 January 2013
Treating placement agents as lobbyists under California law would impose the proper limitations on the practice, CalPERS’ president Rob Feckner wrote in a letter to the pension’s board.
3 min read · 21 January 2013
Senator Chris Dodd has written a discussion draft of legislation that would only require hedge funds to register as investment advisers.
4 min read · 21 January 2013
Following a nine-month investigation, the bank reportedly has told investors that possible violations were centred on the “conduct of a single former employee” in Shanghai, according to Reuters. There was no evidence Kalsi “caused or authorised” the alleged misuse of assets, his spokesperson told PERE. Morgan Stanley could not confirm the statement.
3 min read · 21 January 2013
The departure of Joshua Gotbaum from Blue Wolf Capital will not trigger a key-man clause.
3 min read · 21 January 2013
A majority of US GPs expect carry to be taxed at an increased rate of 39.6%, which will hurt their ability to attract and retain talent, according to a recent survey.
2 min read · 21 January 2013
A $3bn A-note from the $5.4bn Tishman Speyer, BlackRock transaction has been transferred to CWCapital after the owners 'requested relief', Fitch Ratings revealed.
2 min read · 21 January 2013
The European Public Real Estate Association says the new Spanish regime for property investment fails to capture the benefits of a ‘true REIT’.
2 min read · 21 January 2013
A start-up real estate investment firm, led by former Lend Lease Europe chairman Nigel Hugill, will receive investment capital from the US- and Europe-focused private equity firm’s recently closed $1.9bn Fund III.
2 min read · 21 January 2013
Fresh from a $1.3bn fund close, the private equity firm has backed a start-up real estate investment firm led by former Lend Lease Europe chairman Nigel Hugill.
2 min read · 21 January 2013
