Bank of America Merrill Lynch related stories
All articles and analysis
AIG lines up Asia sale to InvescoAsset sales continue as loss-making US insurance giant AIG prepares to offload its Asia private equity real estate business to sole remaining bidder, Invesco Real Estate.
- DLJ Real Estate poised for management takeover
The private equity real estate division of investment bank Credit Suisse is in discussion with the management of its opportunity funds and its limited partners with a view to spinning out the business.
- Asia RE veteran Grady joins Mount Kellett
Timothy Grady, the real estate veteran responsible for launching and growing Merrill Lynch’s private equity real estate platform in Asia, has joined Mark McGoldrick’s Mount Kellett Capital Management as a managing director.
- Placement vet Boston joins CP Eaton
The former Merrill Lynch head of private equity fund origination says an expected rise in fundraising will benefit CP Eaton.
- Norway oil ‘close’ to appointing real estate head
Norway’s $300 billion government pension fund, formerly known as the Petroleum Fund, is close to concluding the hunt for a real estate head. Fund refuses to say whether real estate project head Paul Golding is in the running.
- Feature: HSBC hires Herbert
John Herbert continues love affair with global banks and their real estate activities
- E.ON £5bn UK pension scheme appoints investment advisor
London-based Cardano has been appointed to provide asset allocation, management selection and other advisory services for all asset classes
- Fortress buys special servicer CW Financial
The New York-based firm has acquired the US’ second largest special servicer from Otéra Capital for an undisclosed sum. Apollo Global and Centerbridge were also reportedly in the running for the company.
- Colony, General Atlantic finalise $1.9bn First Republic deal
The two investment firms backed a management buyout of First Republic Bank from Bank of America, injecting $1.86bn of fresh equity into the deal. Colony’s stake is believed to be under 24.9%.
- Centerline wipes out $1.6bn of 'liabilities' in restructuring
The real estate group has also sold its debt fund management and servicing arms to Andrew Farkas’ Island Capital Group for $110m as part of the reorganisation.