The secondaries advisor and placement agent has been approaching large investors about a vehicle that allows clients to 'share' capital calls with cash-strapped LPs.
2 min read · 21 January 2013
Russian steelmaker Novolipetsk Steel will pay the buyout firm less than half the maximum possible damages for withdrawing from the $3.53bn acquisition of John Maneely, a deal struck last August.
2 min read · 21 January 2013
After struggling to secure financing for its equity fund, LRG Capital Real Estate Fund I, the Larkspur, California-based private equity real estate firm decided to launch its own debt origination vehicle.
2 min read · 21 January 2013
The $97bn pension, which has seen the value of its assets plunge by about $30bn since last summer, increased its upper limit allocation ceiling to the asset class to 7 percent from 5 percent in December to alleviate over-weighting.
1 min read · 21 January 2013
The private equity firm, which took the real estate broker private in a 2007 deal valued at $8.5bn, has agreed to financially support the company to help it meet its debt obligations and avoid default for at least the next 12 months.
2 min read · 21 January 2013
The San Antonio, Texas-based real estate investment firm will focus on distressed US property sellers in states such as Texas, Colorado and Florida.
1 min read · 21 January 2013
The industrial real estate specialist has closed its second fund. The value-added vehicle will target North American assets in large industrial markets.
1 min read · 21 January 2013
In 2008, RMB-denominated funds raised RMB 264bn to invest in China, up 347 percent from from the prior year.
2 min read · 21 January 2013
The US radio and advertising company, which was purchased by Bain Capital Partners and TH Lee last year in a $17.9bn deal, had its rating fall to deeply speculative territory, with Moody’s warning of default.
2 min read · 21 January 2013
The debt-ladened operator of two J-REITS has filed for bankruptcy and will delist from the Tokyo Stock Exchange after failing to raise ¥47 billion in capital.
1 min read · 21 January 2013
