Contra Costa County Employees’ Retirement Association is reportedly considering withdrawing a proposed $75m commitment to Morgan Stanley's latest global property fund, amid concerns over leverage and personnel changes. Contra is the second US pension to pull back on provisional commitments to MSREF VII this year.
2 min read · 21 January 2013
The US' Financial Accounting Standards Board has released a list of seven indicators of inactive markets, and given firms the green light to use their own valuation methodologies when quoted prices are unreliable.
2 min read · 21 January 2013
Goldman Sachs’ sixth buyout fund is poised to increase its stake in Universal Studios Japan. The tender offer it will launch Monday, if successful, would be one of the largest private equity deals agreed in Japan in more than a year.
2 min read · 21 January 2013
The California-based firm is buying the newspaper, which has a weekday circulation of 270,000, as the newspaper industry continues to contract amid plummeting sales.
2 min read · 21 January 2013
The firm's private equity arm wants to use half the uninvested capital from its $20bn buyout fund to back distressed companies and buy discounted debt.
2 min read · 21 January 2013
The alternative investment firm has a held a first close on its second China-focused buyout fund which is targeting an undisclosed amount.
2 min read · 21 January 2013
Canada Land Limited, the Hong Kong-based development company, has launched CDL China Real Estate Opportunity Fund to target distressed residential assets in greater China. It plans to liquidate part of the fund through an IPO if the Chinese economy improves.
2 min read · 21 January 2013
The real estate arm of global asset management group Franklin Templeton Investments holds a final close for its Asian multi-manager product.
1 min read · 21 January 2013
Pacific Alliance Group is to purchase $46 million in convertible bonds from Secured Capital Japan, as well as forming a strategic alliance with the Tokyo-based investment manager to purchase assets and distressed debt in Japan and China.
1 min read · 21 January 2013
The San Antonio, Texas-based real estate investment firm will focus on distressed US property sellers in states such as Texas, Colorado and Florida.
1 min read · 21 January 2013
