The student accommodation fund operated by the UK's UNITE Group has £30 million of asset sale proceeds in the London branch of Landsbanki, the Icelandic bank that has plunged into a form of administration. The firm says it is doing all it can to recover the money.
1 min read · 22 January 2013
The total capital raised by dedicated Asia real estate vehicles in 2008 to date has surpassed those targeting all other regions worldwide, according to data by PERE.
2 min read · 22 January 2013
The Spanish fund of fund manager will next year raise a fund that for the first time will have a special situations component. In September the firm increased to 32 its headcount with eight new hires.
1 min read · 22 January 2013
A report commissioned by the Kentucky governor’s office has concluded that the Kentucky Retirement Systems' and the Kentucky Teachers’ Retirement System’s ‘opportunity cost’ for below-average performance amounted to $5bn.
2 min read · 22 January 2013
The world's largest owner of infrastructure assets will now raise third-party capital to back infrastructure GPs around the globe.
2 min read · 22 January 2013
The Duke of Westminster's property company wants to invest in Chinese shopping malls, according to a report.
1 min read · 22 January 2013
The public pension has committed to Carlyle’s fourth Asian growth fund, Welsh Carson’s 11th buyout fund, First Reserve’s 12th energy fund and Clessidra's second Italy-focused fund. Together these four funds are targeting more than $22bn.
2 min read · 22 January 2013
A report from Moody's Corporate Finance reveals an increase in private equity-backed companies that are electing to use their payment-in-kind option to make interest payments.
2 min read · 22 January 2013
The previously announced sale of minority stakes in Copenhagen and Brussels aiports, approved by Macquarie Airports shareholders on Friday, will constitute Macquarie European Infrastructure Fund III’s debut transaction. Targeting north of €5.5 billion in commitments, it is Macquarie’s largest pan-European infrastructure fund.
2 min read · 22 January 2013
The New Jersey venture will provide food and other products at the New York Yankees baseball park and the Dallas Cowboys football stadium. The company will be led by Michael Rawlings, the former president of Pizza Hut.
1 min read · 22 January 2013
