The Wall Street firm has deferred the final close of its latest global vehicle because investors have asked for more time, according to people familiar with the situation. The firm remains confident, however, it is on track to raise its target of up to $10 billion.
2 min read · 22 January 2013
The vehicle, Mid-Atlantic Capital Fund, is the first real estate opportunity fund for the Frederick, Maryland-based real estate company.
1 min read · 22 January 2013
The Australian firm, which manages more than 40 shopping malls in its home market, is hoping to invest in Japanese retail and Singapore office space.
1 min read · 22 January 2013
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
2 min read · 22 January 2013
The investment management firm has hired former Deutsche Bank director Fritz Thomas to help lead the firm’s businesses development and client coverage activities.
1 min read · 22 January 2013
Shares in the publicly listed firm continued to drop amid dismal third quarter reports, but one analyst sees a bright future ahead for Blackstone. Fortress Investment Group shares reached their 52-week low at $2.
2 min read · 22 January 2013
Naresh Naik, former head of asset management for Lehman Brothers in India, joins the private equity real estate unit of Morgan Stanley as an executive director and head of asset management in its Mumbai office.
1 min read · 22 January 2013
Lehman Brothers Private Equity Partners, which is unaffiliated with the collapsed investment bank, saw its losses for the year nearly double during the month of October.
1 min read · 22 January 2013
The New York-based private equity firm said it is waiting for real estate valuations to decline further before beginning to invest the capital. However, Blackstone’s real estate portfolio has been written down by 10% owing to the market turmoil.
2 min read · 22 January 2013
The Chicago-based US property investment manager is reportedly planning to pick up bargain properties in the UK, with an expected close scheduled for the first quarter of next year.
1 min read · 22 January 2013
