Florida's state pension board has totally written off its $250m investment in Tishman Speyer's Stuyvesant Town/Peter Cooper Village deal, joining California's massive teachers' pension, which wrote its $100m investment in the deal to zero.
2 min read · 21 January 2013
The veteran real estate investor has reportedly launched a $625m credit fund to target distressed real estate securities. The vehicle, Zell Credit Opportunity Fund, has raised $125m to date, according to regulatory filings.
2 min read · 21 January 2013
ING Real Estate Investment Management has bolstered its management platform in Australia with the appointment of Stockland executive Denis Hickey.
2 min read · 21 January 2013
The Singaporean sovereign fund continues its management overhaul, appointing Lim Chow Kiat and Anthony Lim Weng Kin as respective regional heads.
3 min read · 21 January 2013
The private equity firms plan to back stop a $75m rights offering and exchange $98m of debt for equity in Builders FirstSource, the US' second largest supplier of building products.
2 min read · 21 January 2013
The real estate and private equity placement agent has appointed Heidrik & Struggles partner Sheng Lu to head its new Shanghai office.
2 min read · 21 January 2013
The mega-firm has added on a 600,000-hectare cattle ranch in North Queensland to its Consolidated Pastoral platform in an all-equity deal worth A$48m.
1 min read · 21 January 2013
The two real estate fund managers are turning to the public markets to raise capital for their next debt vehicles. Brookfield Realty Capital Corp. and Marathon Real Estate Mortgage Trust are targeting $500m and $300m respectively.
2 min read · 21 January 2013
The $7.6bn pension has terminated $150m in recommended commitments from its former private equity advisor Aldus Equity.
2 min read · 21 January 2013
Indicted financier Allen Stanford’s business has an investment portfolio valued at $650m, including private equity holdings and a Houston hotel.
3 min read · 21 January 2013
