Benjamin Young, the former chief investment officer of RREEF’s opportunity funds, has joined Strategic Value Partners as global head of real estate. SVP has also hired Georg Strassner, formerly with Morgan Stanley subsidiary Argoneo.
2 min read · 24 January 2013
The Radnor, Pennsylvania-based firm has closed its second fund of funds on $145m. With consultant Townsend acting as investment adviser, the fund has committed capital to Brookfield’s mega pledge fund.
1 min read · 24 January 2013
Newly-formed Mountain Real Estate Capital, the acquisition and investment affiliate of lending group Mountain Funding, has closed its first five acquisitions. The group will focus on distressed assets and providing equity capital in joint ventures.
1 min read · 24 January 2013
The anticipated flood of distressed sellers has failed to materialise in the US and UK, creating instead a pool of distressed buyers all trying to deploy the capital burning a whole in their pockets. PERE magazine May issue 2010
8 min read · 24 January 2013
The 2010 PERE 30 ranking produced little by the way of significant movement from last year’s list with large capital closings few and far between. But next year’s table stands to provide a different picture entirely. By Jonathan Brasse.
3 min read · 24 January 2013
Starwood CEO Barry Sternlicht, speaking at the Milken conference in Los Angeles, said the US economy is recovering better than he thought it would – but that an increase in interest rates is inevitable, which will create more distress after the November congressional elections.
1 min read · 24 January 2013
Richard Cohen has joined the New York-based firm as managing director to help the real estate investment firm raise capital from US investors.
2 min read · 24 January 2013
The Japanese firm has sold shares worth ¥10 billion in ailing Daiei to Deutsche Securities, the investment arm of Deutsche Bank.
2 min read · 24 January 2013
The newly unveiled PEI 300 ranks Goldman Sachs Principal Investment Area as the largest private equity direct investment programme in the world, just ahead of Carlyle and KKR. The 300 firms on the list have collectively raised less capital over the past five years than in previous years’ rankings.
2 min read · 24 January 2013
Atlanta-based Invesco has held a final close for its Mortgage Recovery Fund on $1.46bn of commitments. The fund is part of the US Treasury’s Public-Private Investment Program.
1 min read · 24 January 2013
