The House of Representatives will consider treating three-fourths of a GP’s carried interest as ordinary income, with the remaining one-fourth left at a lower capital-gains rate.
2 min read · 24 January 2013
A California bill that would require placement agents to take flat fees for fundraising services failed to pass a committee Wednesday, prompting key state officials to threaten a push for a full ban on placement agents.
2 min read · 24 January 2013
US financial services firm State Street Corporation has been selected by Norges Bank to provide fund administration services for the real estate programme of the Norwegian Government's Pension Fund
1 min read · 24 January 2013
A Starwood Capital-led consortium has reportedly made a ‘better’ offer than rival Centerbridge Partners and Paulson & Co. for the bankrupt hotel operator. Starwood’s bid was delivered Monday, the last day to submit competing bids.
2 min read · 24 January 2013
The Council of Ministers and the ECON Committee have approved versions of the directive, but crucial differences remain in regards to the ‘third country’ rules.
3 min read · 24 January 2013
The Council of Ministers and the ECON Committee have approved versions of the directive, but crucial differences remain in regards to the ‘third country’ rules. The latter group's version also includes a clause that could block LBOs.
3 min read · 24 January 2013
Washington DC-based The Carlyle Group has closed its Asia Real Estate Partners II fund on $485m after setting out to raise $1bn in 2008. The company has remained active in raising capital and deploying equity over the past year.
1 min read · 24 January 2013
Another week, another crucial AIFM Directive vote delayed. Adding to GPs’ anxiety is the fact that the longer the process drags on, the more unfavourable amendments seem to be added to the bill, such as one apparently banning ‘asset-stripping’
2 min read · 24 January 2013
As the parent company of CWCapital searches for a buyer, Apollo Global and Centerbridge Capital have reportedly made competing bids, while Warren Buffett is also eyeing the US’ second largest special servicer.
2 min read · 24 January 2013
A study of US CMBS deals reveals that more than 3,500 loans currently have debt service coverage ratios of 1.0x or less. That figure could quickly grow to $75bn as less than half the CMBS universe has reported 2009 financials.
3 min read · 24 January 2013
