The senior management of HSBC’s infrastructure and real estate arm, HSBC Specialist Investments, will buy an 80% stake in the unit from the parent bank. The management buyout is expected to be completed in the first quarter of 2011.
2 min read · 24 January 2013
A core fund managed by JP Morgan Asset Management focussed on Europe and the US has bought the landmark OpernTurm tower from Tishman Speyer and UBS in a joint venture with the Government of Singapore Investment Corporation.
2 min read · 24 January 2013
A majority of LPs will be looking to maintain their allocation levels to private equity, or even decrease those levels, and most will only have a limited interest in meeting new GPs, according to a survey from Probitas Partners.
2 min read · 24 January 2013
CalPERS has elected to do away with traditional allocation labels, may push for performance-based fees and prohibit consultants from also managing its capital. Is this a sign of bigger things to come?
3 min read · 24 January 2013
The Abu Dhabi-backed investment group will pour $500m more into the global private equity and real estate firm to further expand its business lines, prompting speculation about Carlyle's desire to go public.
2 min read · 24 January 2013
The Macquarie Mexican Infrastructure Fund will acquire a company with a 20-year contract to reconstruct and maintain highways in the Mexican state of Durango. The firm has also placed Macquarie executives Martin Stanley and Chris Leslie on its board.
2 min read · 24 January 2013
The Wall Street bank which houses property funds in its Global Real Assets Group, has bought the Bishops Square office complex in London’s financial district for its funds’ core property portfolio
1 min read · 24 January 2013
How Ireland’s recent woes caused US private equity firm TPG and UK partner Green Property to walk away from a €120 million property deal
3 min read · 24 January 2013
The New York-based firm is targeting office, residential and industrial projects in Rio de Janeiro and expects to close between five and six deals, representing up to R$147m of equity, in the next 60 days.
2 min read · 24 January 2013
CalPERS has received numerous recommendations after a 'special review' of fees, including demanding all GP meetings take place at the pension's offices and not in 'expensive settings'.
2 min read · 24 January 2013
