The US’ largest union of long-term care workers, the Service Employees International Union, launched its ‘global day of action’ today targeting KKR, its portfolio company Toys R Us and pension funds and politicians in support of the buyout industry. Unite, the largest union in Britain, also joined the cause.
2 min read · 22 January 2013
The pension fund has made commitments to five private equity and real estate funds, including $15m to the Arden Group’s $125m distressed real estate fund targeting the US and the Caribbean.
2 min read · 22 January 2013
In a move to expand its offerings, the mega-buyout firm has hired TCW Group president William Sonneborn to develop traditional asset management lines such as public equity funds.
1 min read · 22 January 2013
Starwood Capital’s latest global real estate fund has received $100m in commitments from two US pension funds, including New Mexico’s $13bn scheme and the $15.8bn Louisiana Teachers fund. New Mexico also committed a further $65m to private equity and real estate funds.
1 min read · 22 January 2013
As REITs in the US and Japan look increasingly stressed, the chief executive of LaSalle’s Asia Pacific securities division argues there are growing opportunities in Australia’s listed property sector as the industry feels the impact of the credit crunch.
2 min read · 22 January 2013
Raffles City China, which will be the largest private equity vehicle managed by CapitaLand, will develop Raffles City-branded developments in key gateway cities in the country. A second close in December could increase fund commitments to $1.3bn.
1 min read · 22 January 2013
The New York-based private equity real estate firm led by Apollo partners Bill Mack and Lee Neibart has acquired Hudson’s Bay Company, Canada’s largest retailer. NRDC is now hoping to expand its previous retail acquisition, the prestigious Lord & Taylor chain, into Canada.
2 min read · 22 January 2013
The LA-based real estate firm has made three senior appointments for its global multi-manager business, two in London and one in Boston.
2 min read · 22 January 2013
Two of the firm’s funds have entered into a sale-leaseback agreement to buy the properties for €37m. The deal highlights the continuing interest from US investors in the German real estate market.
1 min read · 22 January 2013
The New York-based private equity firm has made its second significant investment in the renewable energy sector with an agreement to invest in a wind farm off the coast of Germany.
2 min read · 22 January 2013
