Peter Moon will retire next year from the University Superannuation Scheme, one of the UK's main cornerstone limited partners in private equity, infrastructure and real estate funds.
2 min read · 21 January 2013
Canada Land Limited, the Hong Kong-based development company, has launched CDL China Real Estate Opportunity Fund to target distressed residential assets in greater China. It plans to liquidate part of the fund through an IPO if the Chinese economy improves.
2 min read · 21 January 2013
The Cannery deal, valued at $1.75bn, is the latest sign of turmoil in the US casino industry, where several casino operators like Harrah’s and Station Casinos, are battling heavy debt loads and plummeting sales.
2 min read · 21 January 2013
AEW Europe follows its investment in a Dartford logistics unit last year with another UK logistics asset, this time in the Midlands region.
1 min read · 21 January 2013
Fortress has attributed its $162m loss last year to non-cash adjustments for fair value write-downs and clawback reserves. But the firm remained upbeat on an analyst call, with chief executive Wes Edens forecasting an opportunity-laden ‘great liquidation’ of financial services assets following the current recession.
3 min read · 21 January 2013
Industrial markets in North America, Western Europe and export-led economies are in for a difficult 2009, according to Cushman & Wakefield. However, emerging markets fared better, with rents in Rio de Janeiro rising by a staggering 46%.
2 min read · 21 January 2013
The Chinese brokerage house and the US boutique investment bank are teaming up as CSI Partners to raise $500m for a China-focused growth capital fund. Former Bear Stearns Asia chairman Donald Tang will lead the firm, which will also advise on cross-border M&A.
2 min read · 21 January 2013
Robert Redmond, who also advised on the private equity buyouts of First Data Corp and TXU, will join as vice chairman to build its North American operations. It comes as parent Macquarie Group initiated a second round of global staff cuts, which have hit Macquarie Capital hardest.
1 min read · 21 January 2013
State Universities Retirement System of Illinois has committed $75m to AVP Partners’ fund of funds, marking the start of a new investment strategy in the sector.
1 min read · 21 January 2013
The San Francisco-based private equity real estate firm has brought on Quinn Barton as the firm moves into debt investments. He will lead Carmel’s newly-opened New York office.
1 min read · 21 January 2013
