The private equity real estate arm of Jones Lang LaSalle is reportedly eyeing property bargains in Japan, China and Australia, after raising $3bn for its latest fund. People familiar with the matter told PERE, the fund has 80% capital left to invest.
2 min read · 22 January 2013
Department store Mervyns, bought in 2004 by Lubert-Adler, Cerberus and Sun Capital for $1.2bn, will liquidate after filing for bankruptcy protection in July. Mervyns blamed the decision by its private equity-backers to separate its real estate assets from the operating company as the reason for the failure.
2 min read · 22 January 2013
The auction for Lehman's Neuberger Berman and units including private equity fund of funds and secondaries, as well as infrastructure, will proceed despite objections from Carlyle over a $2.15bn bid from Bain and Hellman & Friedman.
2 min read · 22 January 2013
Three large deals that have recently fallen apart show private equity activity in Asia is not immune to the global financial crisis, writes Siddharth Poddar.
2 min read · 22 January 2013
The CEO of London-based placement agent MVision says mega-funds may struggle to get commitments next year and must prepare for longer fundraises. He also finds LPs are now allocating up to 20 percent of their private equity programmes to growth-oriented emerging markets.
2 min read · 22 January 2013
Stauffenberg Capital’s first fund of funds will be exclusively advised by real estate advisor Townsend as it seeks to capitalise on the dislocation in the markets. A first close is planned by the end of the year.
2 min read · 22 January 2013
The publicly listed private equity firm, battered by the public markets, has increased the stake the Chinese sovereign wealth fund can own in the firm from 9.99 percent to 12.5 percent.
2 min read · 22 January 2013
The data doesn’t lie – there are far fewer deals being done than last year.
2 min read · 22 January 2013
The private equity real estate arm of the bankrupt investment bank could be bought out by the management team, including Mark Newman, Brett Bossung and European head Gerald Parkes, according to media reports. In August, Lehman Brothers Real Estate closed its latest global fund on $3.2bn.
1 min read · 22 January 2013
The number of commercial property transactions has dropped off significantly in the past three months, according to a report by Real Capital Analytics – including in Asia. Macklowe, Fortress, Morgan Stanley, Aviva and GE are the world's biggest sellers of real estate.
2 min read · 22 January 2013
