Xiao Wei joins Anoop Seth as co-head of AMP's Asian infrastructure team, which is currently raising a $750m 'Asian Giants' infrastructure fund that agreed its first deal last month.
2 min read · 22 January 2013
Lehman's private equity real estate arm is not part of the $2.1bn deal by Bain Capital and Hellman & Friedman to acquire the investment bank's prized asset management business, Neuberger Berman. Lehman's private equity funds of funds and secondaries units will be sold.
1 min read · 22 January 2013
The German real estate and infrastructure lender announced a multi-billion euro credit facility today to shield it from disaster. It was enough, Hypo said, to cover its funding needs “well into the future”. Shares crashed 70 percent on the news.
2 min read · 22 January 2013
The rise of Brazil continues with ING Real Estate Management, one of the world’s largest real estate investment managers, opening an office in São Paulo.
3 min read · 22 January 2013
The biggest bank failure in US history is also one of the biggest publicly disclosed private equity losses in history. TPG has stressed that the investment represented only a small portion of its diversified assets.
4 min read · 22 January 2013
The US arm of ING Real Estate has closed its Clarion Development Ventures III fund, which will target all property sectors in the US, including distressed land sales.
1 min read · 22 January 2013
The founders of Blackstone and Equity International lead the Forbes 400 list of the richest investors in private equity real estate in the US with an estimated wealth of $6.4bn and $5bn respectively.
2 min read · 22 January 2013
Along with those of Stanford and British Columbia, Harvard University’s $37bn endowment has scored top marks for sustainable investment. Harvard's endowment, an active private equity LP, returned 8.6 percent for the fiscal year ended 30 June.
1 min read · 22 January 2013
Founder Wesley Edens claims the move is necessary to retain capital for ‘tremendous opportunities’ in banks, insurance companies and other asset management businesses. The dividend cut may be linked to a dip in Fortress' fundraising pace.
2 min read · 22 January 2013
Shareholders in light industrial property investor Spazio Investment, which include prominent hedge fund GLG Partners, are forcing a shake-up of the company leading not only to accelerated asset disposals and a halt to new acquisitions, but the alteration to incentive fees for external asset manager, Italy’s Pirelli Real Esate.
2 min read · 22 January 2013
