The steakhouse operator, acquired as part of the $600m take-private of Lone Star Steakhouse & Saloon in 2006, cited ‘current public market conditions’ in its filing with the SEC.
1 min read · 22 January 2013
China’s $200bn sovereign wealth fund has said that it will not pump money into troubled western financial institutions citing a lack of ‘sincere cooperation’ on the part of the US government.
2 min read · 22 January 2013
Marc Dreier, the founder of New York law firm Dreier, has admitted to key aspects of a plan to sell $113m in fake promissory notes, including notes from a real estate developer. Around $100m of the proceeds are still unaccounted for.
3 min read · 22 January 2013
As real estate markets globally start the process of deleveraging and repricing, private equity real estate veterans in Canada say the country is well placed to handle the downturn – but warn deal flow is off at least 40% over the past year, with cap rates up at least 1%.
2 min read · 22 January 2013
The San Mateo, California-based financial group, which manages value-added and opportunistic real estate funds, applies for bank holding status as it seeks a capital infusion from the US government.
2 min read · 22 January 2013
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff across its real estate, private equity, hedge fund and technology businesses. Earlier this week the firm invested in UK debt management company TDX Group.
2 min read · 22 January 2013
The Indian private equity firm is also reportedly on the verge of making a first close on its $800m Asian infrastructure growth fund.
1 min read · 22 January 2013
The $850m Chicago Firemen’s Annuity and Benefit Fund will make a third secondaries investment by the end of the month.
1 min read · 22 January 2013
The Boston-based real estate fund manager has bought three industrial complexes in Silicon Valley, California just days after selling a Massachusetts office block for a 9% profit.
1 min read · 22 January 2013
The founder of a notable New York law firm has been accused of impersonating an Ontario Teachers’ Pension Plan official, reportedly in an attempt to defraud real estate and private equity firm, Fortress Investment Group.
3 min read · 22 January 2013
