The publicly listed alternative investment firm will sell Class A shares to repay a portion of its outstanding debt as well as generate working capital that may be used to fund GP contributions to Fortress funds.
2 min read · 21 January 2013
New York Attorney General Andrew Cuomo has reached a resolution with The Carlyle Group which has seen the firm pledge to avoid hiring placement agents to obtain investments from New York’s public pensions. Carlyle has also agreed to pay $20m to ‘resolve its role’ in the investigation.
3 min read · 21 January 2013
The bank has raised CHF300m for its dedicated green property fund, which will be listed on the Swiss exchange by 2013. The fund will target real estate in Switzerland only.
1 min read · 21 January 2013
The Chicago-based firm co-founded by Sam Zell and Gary Garrabrant categorically rules out investing in the US but says it wants to grow its five investments in Brazil real estate operating companies to at least seven or eight. The firm is also looking to China, Vietnam and Egypt for future deals.
2 min read · 21 January 2013
Former Hilton Hotels executive, Jonathan Benowitz has joined RockBridge as managing director in charge of the firm’s investment group. Benowitz played a key role in Hilton’s sale to The Blackstone Group in 2007 and has also worked for the Marriott Corporation.
1 min read · 21 January 2013
The former Principal Real Estate Investors managing director has joined Rockwood Capital as managing director in an effort to help the San Francisco-based firm deploy its $964m eighth fund.
1 min read · 21 January 2013
The embattled insurance group, AIG, has sold its central Tokyo headquarters for $1.2bn. The firm said the sale attracted ‘substantial interest’ from Japanese and overseas investors. The sale is part of the group's restructuring plans after the US government provided $180bn in support.
1 min read · 21 January 2013
Leo van den Thillart, a former global co-head of private funds group at Bear Stearns, has joined Canadian firm Brookfield Asset Management to help with international equity raising and client services.
1 min read · 21 January 2013
More than 60% of loans coming due in the next decade probably won’t qualify for refinancing and at least $50bn of default-related losses are expected, according to Deutsche Bank.
1 min read · 21 January 2013
The private equity real estate firm founded by Dan Neidich has raised $793.9m for its second vehicle, Dune Real Estate Fund II. The vehicle is targeting $1.25bn.
1 min read · 21 January 2013
