The US alternative assets group has sold a further 7.5 percent stake in itself to a strategic investor, valuing David Rubenstein’s firm at $20 billion. It sold 5.5 percent to CalPERS in 2000.
2 min read · 22 January 2013
The European body has launched two initiatives designed to allow investors greater access to information to benchmark performance.
3 min read · 22 January 2013
Peter Struck, head of the SPD faction in the German parliament, is calling for rules to limit private equity’s ability to take controlling stakes in some German companies.
2 min read · 22 January 2013
Goldman Sachs Capital Partners and Madrone Capital Partners have paid $1bn to take a minority stake in hotel group Global Hyatt Corporation, as its family owners prepare to split the business up.
1 min read · 22 January 2013
Global real estate firm Hines and investment partner CalPERS have reportedly sold the 919 Milam office building in downtown Houston to Chicago-based Transwestern Investment Company.
1 min read · 22 January 2013
The municipal government is making 20 plots available to investors and will be considering offers starting next month.
1 min read · 22 January 2013
Chicago-based Harrison Street and New York-based Kaplan Development Group have joined forces to develop, redevelop and acquire senior housing properties throughout the Northeast and Southeast US.
1 min read · 22 January 2013
Sir David Walker has published his recommendations on how UK private equity must improve transparency. The consultative report focuses on three areas: annual reporting by large portfolio companies; annual reporting by GPs, and the co-ordination of industry-wide performance data.
4 min read · 22 January 2013
The newly formed lobbying group has released its first white paper in defence of private equity, coinciding with the first day of the Senate Finance Committee’s hearings on the taxation of carried interest.
3 min read · 22 January 2013
The Senate Finance Committee’s second inquiry into carried interest featured witnesses who support and oppose the carried interest designation as capital gains, but they unanimously agreed that one industry should not be singled out over another for tax purposes.
3 min read · 22 January 2013
