The $171bn US pension has bolstered its real estate housing programme, which lost 35% in value over the first half of 2008, with the hire of James Lasher as senior portfolio manager.
1 min read · 21 January 2013
The publicly listed company is in discussions with its lenders and noteholders seeking relief from covenants on its debt. Allied has already seen one of its portfolio companies, real estate lender Ciena Capital, collapse into bankruptcy.
2 min read · 21 January 2013
PERE Forum: Asia 2009. Jonathan Brasse reports on the top ten issue that came out of the conference.
3 min read · 21 January 2013
Draft legislation in circulation on Capitol Hill envisions a 'National Infrastructure Reinvestment Corporation' that would spur $48bn of infrastructure investment by providing grants, loans and tax incentives to select projects sponsored by public, private and non-profit entities.
3 min read · 21 January 2013
The Chicago-based fund manager has completes its tender offer to buy retirement community REIT, American Land Lease, after twice extending the deadline. The firm set a minimum tender of 88% of outstanding shares and achieved just 85.5% on the first outing.
1 min read · 21 January 2013
The Detroit-based private equity real estate firm, which expects to close its MGRA Genesis Value Fund on $150m in 2009, may consider China’s commercial real estate market following a fact-finding trip last year.
2 min read · 21 January 2013
Last year the firm raised $10bn for two tandem real estate and distressed investment funds. This year it aims to double the dry powder with two similarly inclined vehicles.
1 min read · 21 January 2013
Blackstone aims to be among the infrastructure mega-funds, having put a pre-marketing target range of $3bn to $5bn on its debut infrastructure fund. Rival KKR is raising $4bn for its maiden infrastructure fund, while Macquarie is seeking $6bn for it second global infrastructure fund and €5bn for its second European infrastructure fund.
1 min read · 21 January 2013
Blackstone Infrastructure Partners, in pre-marketing mode for its debut fund, will seek to raise one of the larger infrastructure funds yet. Last year the firm hired two Macquarie managing directors to head its infrastructure team.
2 min read · 21 January 2013
The New York-based firm is raising $3bn for its financial services-focused fund. TPG and JC Flowers are also looking to invest in the sector.
2 min read · 21 January 2013
