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
The US government has been urged to create a ‘bad bank’ entity, such as the Resolution Trust Corporation of the 1990s, to force banks to offload toxic real estate-related assets and free up markets.
2 min read · 22 January 2013
The California-based placement agent also estimates that $21.5bn has been raised for infrastructure in the first nine months of 2008, which is less than the $34.3bn raised last year, but more than the 2006 total of $17.9bn.
3 min read · 22 January 2013
How much confidence do LPs have in private equity? They’re begging GPs to slash valuations and scrambling to throw more cash at the asset class, writes David Snow.
2 min read · 22 January 2013
