Silver Capital and McCann Realty Partners have closed their second residential real estate fund, Silver-McCann Apartment Group II, with the vehicle’s final investment in Houston, Texas. The pair formed Silver-McCann Group three years ago to acquire apartment assets in the US.
2 min read · 22 January 2013
The New York firm has asked Macquarie Securities' Trent Vichie to lead its newly unveiled developed-infrastructure business. Vichie, an Australian national, was instrumental in the Chicago Skyway transaction, a landmark US toll road privatisation.
2 min read · 22 January 2013
Former IBM chief Louis Gerstner will step down as the global private equity and real estate firm’s chairman after five years. He will remain a senior advisor to the firm’s Asia, Europe, Japan and US buyout funds.
2 min read · 22 January 2013
The president of JER Partners, Michael Pralle, argues investing in private equity real estate funds could prove a good fit for Middle Eastern and Asian countries rich with petro-dollars. Private equity real estate, he said, provided a 'middle road' to funds wanting alternatives to direct investing and REITs.
2 min read · 22 January 2013
The $72.3bn US pension joins a raft of North American funds recording losses for the year to June 30. Once again real estate was the best performing asset class returning 8.74%, followed by fixed income and private equity.
2 min read · 22 January 2013
As the New York-based private equity real estate firm prepares its European debt fund, it has added additional capital to its US debt vehicle.
1 min read · 22 January 2013
The private equity-backed company, Mrs Fields Famous Brands, plans to file for Chapter 11 as declining consumer spending in the US takes its toll. The shopping mall-centred company's Mrs Fields and TCBY franchise stores have suffered closures since 2004.
2 min read · 22 January 2013
Carlyle, General Atlantic, Hellman & Friedman and Blackstone have been reported as potential buyers of Lehman Brothers divisions including its private equity arm, as the beleaguered investment bank looks to shore up its balance sheet.
2 min read · 22 January 2013
The Texas private equity real estate firm formerly known as N3 Capital Partners has renamed itself after a landmark bridge in Austin, where it is relocating its headquarters. The firm, which closed its debut fund on $250m last year, is targeting commercial and residential real estate as well as land assets.
2 min read · 22 January 2013
The San Francisco private equity firm has purchased a majority interest in the Italian restaurant chain from casual dining operator Brinker International. Brinker will retain a 19.9% stake in the chain, which it had been shopping for nearly a year.
1 min read · 22 January 2013
