The Indian real estate firm has appointed His Highness Maharaja Gajsingh of Jodhpur as chairman of its hospitality affiliate, Apodis. It follows the appointment of former CalPERS' real estate investment officer Mike McCook as advisor, and Dr PS Rana, former Hudco chairman, to lead its real estate and infrastructure projects.
1 min read · 22 January 2013
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
2 min read · 22 January 2013
The International Private Equity and Venture Capital Valuation board has said GPs should be asked to comply with its mandate by investors. The committee chairman Herman Daems stressed the importance of transparency and fair comparison.
1 min read · 22 January 2013
Tim Pfister and Jay Fortin, project finance and M&A lawyers at Patton Boggs in New York, also believe the political climate for foreign investors is likely to improve as the US comes to grips with its massive infrastructure spending needs.
2 min read · 22 January 2013
Marcus Shepherd, former European chief financial officer for Australian fund manager Valad Property Group, is joining the firm in January.
1 min read · 22 January 2013
Shares in the publicly listed firm continued to drop amid dismal third quarter reports, but one analyst sees a bright future ahead for Blackstone. Fortress Investment Group shares reached their 52-week low at $2.
2 min read · 22 January 2013
To be awarded as concessions or as PPPs, the the projects will seek to attract R22bn of private investment between now and August 2009, the state news service reported.
2 min read · 22 January 2013
The US Treasury Secretary says he is saving the bulk of the $700bn Troubled Asset Relief Programme money for President-elect Barack Obama. He says buying toxic assets would not be the most effective use of taxpayers' money suggesting there ‘simply isn't enough firepower’.
2 min read · 22 January 2013
The real estate veteran has filed a lawsuit against the Connecticut secondaries firm claiming Landmark failed to honour a promise to give him an ‘ownership interest’ in the firm.
2 min read · 22 January 2013
Hank Paulson, US Treasury Secretary, said today buying troubled assets is not the most effective way to use TARP funds.
2 min read · 22 January 2013
