David Snow ponders what a proposed US banking rule would mean for captive private equity and private equity real estate firms.
3 min read · 24 January 2013
The joint venture has admitted final defeat in trying to restructure the debt on the New York multifamily complex, saying they had no intention of putting Stuyvesant Town/Peter Cooper Village into bankruptcy.
2 min read · 24 January 2013
Barack Obama wants to clamp down on bank-sponsored private equity funds. It could mark the end for such vehicles in the US. By Zoe Hughes
3 min read · 24 January 2013
The White House hopes to ‘put an end to the risky practices that contributed significantly to the financial crisis’ by forbidding commercial banks from owning private equity or hedge funds.
2 min read · 24 January 2013
A $209m stalking horse offer to buy 134 senior living facilities is to be recommended to bankruptcy court. The deal would also include the assumption of $945m in debt. The SEC alleged Sunwest was a “virtual Ponzi scheme” in 2009.
2 min read · 24 January 2013
The proceeds comprise $408m of initial commitments the firm has raised for its Mexican infrastructure fund, which was formally launched today. Macquarie has structured the fund as two separate trusts in order to facilitate the participation of the seven Mexican pensions.
2 min read · 24 January 2013
The Cayman Island’s loss will be Luxembourg’s gain if the EU’s AIFM Directive passes as written.
2 min read · 24 January 2013
John Klopp has been appointed head of Americas equity and debt investing, reporting directly to Jay Mantz.
2 min read · 24 January 2013
A group of prominent Dutch pensions has joined the chorus warning about the negative impact of proposed EU regulations on alternative funds, saying in a recent letter that such measure could cost the country’s pension fund and asset managers €1.5 billion a year.
2 min read · 24 January 2013
Sheikh Mohammed bin Rashid Al Maktoum, the ruler of the Dubai, has created a Dubai Government Media Office to handle PR for the emirate. The move follows strong criticism of the handling of the Dubai World debt crisis.
2 min read · 24 January 2013
