Voting for the first round of the third annual Global PERE Awards will close on January 5, 2009. Have you nominated the people, firms, funds and deals that stood out in 2008 yet? If not, cast your vote now.
2 min read · 22 January 2013
LPs in Lehman's private equity funds have retained Kirkland & Ellis and private equity advisor StepStone to guide them through the auction of Lehman's venture and private equity funds. The bank also hopes to close a deal on its real estate funds in the first half of 2009.
2 min read · 22 January 2013
The New York-based private equity and real estate firm will cut 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in its third quarter earnings, despite a $13bn real estate war chest.
2 min read · 22 January 2013
The EU commissioner for internal markets, Charlie McGreevy, tells the BVCA he doesn't believe private equity should be 'lumped together' with other asset classes for regulatory purposes, but warns the industry needs to increase transparency and improve stakeholder relationships.
2 min read · 22 January 2013
The Massachusetts-based toy company has filed for Chapter 11 protection amid steep declines in sales, a result of the overall slowdown of consumer spending. Prentice Capital Management bought KB out of bankruptcy in 2004 from Bain Capital.
1 min read · 22 January 2013
Similar to Partnerships UK, Partnerships USA would provide common deal documentation, advice, project monitoring and other support services to help the public sector implement PPPs in the US.
2 min read · 22 January 2013
Private equity real estate and private equity funds investing in Asia raised $58bn in the first 11 months of 2008, according to a study – almost two-thirds more than for the whole of 2007.
2 min read · 22 January 2013
Marc Dreier, the founder of New York law firm Dreier, has admitted to key aspects of a plan to sell $113m in fake promissory notes, including notes from a real estate developer. Around $100m of the proceeds are still unaccounted for.
3 min read · 22 January 2013
Shopping centres and commercial property in the UK will plummet in development volume and value, according to CBRE and RICS. The amount of retail space being developed has fallen 40% in the past year, the fastest rate of decline since the 1990s.
1 min read · 22 January 2013
The founder of a notable New York law firm has been accused of impersonating an Ontario Teachers’ Pension Plan official, reportedly in an attempt to defraud real estate and private equity firm, Fortress Investment Group.
3 min read · 22 January 2013
