A draft bill emanating from the Ministry of Justice could restrict the volume of investments in distressed debt, including real estate debt.
2 min read · 22 January 2013
The $121 billion CPPIB today argued before US lawmakers that it should not be lumped in with all sovereign wealth funds, as legislators in California attempt to bar the US’ largest pension groups from investing in private equity funds tied to sovereign wealth funds.
3 min read · 22 January 2013
PERE's sister news service PEO interviews Alberto Torrico, the California assemblyman who recently introduced a proposed law that would force the state’s public pensions to cease ties with firms that are partially owned by certain sovereign wealth funds. Torrico tells PEO he is particularly targeting alleged human rights abuses in the United Arab Emirates, and that the objections voiced by pension investment staff are “overstated, exaggerated”.
6 min read · 22 January 2013
As real estate investors such as Sam Zell’s Equity International scout opportunities in Libya, a project in the seaside resort of Janzour has received a €55 million development finance facility, the first of its kind in the country.
2 min read · 22 January 2013
The new shariah-compliant Abu Shabi fund has appointed Samer Wahbeh as head of the Property Development Fund.
1 min read · 22 January 2013
The former chief operating officer of Invesco Real Estate Europe and former chief executive officer of Pramerica Bank real estate private equity have launched Internos Real Investors.
2 min read · 22 January 2013
Testifying yesterday before the US Senate Finance Committee, Timothy Callahan warned lawmakers not to impose new taxes on private equity real estate fund managers.
2 min read · 22 January 2013
Just 32 companies will produce Walker-compliant reports. Is this enough, asks Nicholas Lockley.
2 min read · 22 January 2013
The private equity firms behind what is touted as one of the world’s largest entertainment complexes have announced the development will open on Nov 20 – an attraction they hope will be as iconic as the UK’s London Eye and Seattle’s Space Needle.
2 min read · 22 January 2013
The UK-centric large buyout focus of the Walker Report means only a limited number of portfolio companies have to comply. Moves are afoot to take the transparency reforms further.
3 min read · 22 January 2013
