Blackstone related stories
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RREEF's Asia CIO confirms departureMark Fogle, who was chief investment officer for Asia at the Deutsche Bank-owned alternative investment and asset management platform, has confirmed his departure from the firm. Fogle joined RREEF at the start of 2007 after a spell with AIG.
- Blackstone to sell stake in Center Parcs
The private equity and real estate giant is reportedly to offload a majority share of its £1.4 billion (€1.56 billion; $2.1 billion) UK leisure business, Center Parcs.
- Colony snaps up $1bn FDIC loan portfolio
Colony Capital, the Los Angeles-based private equity real estate firm led by Tom Barrack, has purchased approximately $1bn in commercial mortgages from the Federal Deposit Insurance Corporation. The deal marks the first significant offload by the state-run organisation this year.
- AIG lines up Asia sale to Invesco
Asset 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.
- BoA Merrill Lynch completes $650m settlement with Asia LPs
The 25-member LP pool of Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund, rubberstamped their approval of a settlement offered by the Wall Street bank at an investor meeting in Hong Kong last week.
- BoA Merrill Lynch agrees $650m settlement with Asia fund LPs
As part of the agreement, the general partner responsibilities of the $2.65bn Asian Real Estate Opportunities Fund are expected to transfer to Blackstone.
- RREEF suffers two further senior departures in Asia
Asia head of acquisitions, Eryck Su, and head of Korea, Tae Kim, are the latest senior executives of RREEF’s Asia business to leave.
- Blackstone promotes Grant, Heady to senior managing director
The New York-based alternative assets business has promoted two from its real estate team to senior managing director as part of a wider raft of promotions across the business.
- Ex-ADIA Asia head joins AREIM
Jonathan Hannam, the former head of Asia at the Abu Dhabi Investment Authority has joined Stockholm-based Andersson Real Estate Investment Management.
- 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.