Blackstone related stories
All articles and analysis
US private equity firm funds UK property companyThe chief executive of developer, Helical Bar, has told Reuters that an unnamed firm has invested in the company as part of a recent £500 million capital raising exercise to help fund future acquisitions.
- Pennsylvania pension loses 22% on real estate investments during 2008
The $22bn state workers' pension fund lost 14.8% on its real estate portfolio in the fourth quarter of 2008, and 16.5% on private equity during the same period.
- New York Common's real estate portfolio losses 32%
The New York State Common Retirement Fund has assets valued at $110bn, down from $154bn about a year ago, due in part to a 32.6% decline in the value of its real estate portfolio.
- PE firms continue picking at UK industrial company Brixton
Just weeks after selling a £70.25 million property portfolio to AEW Europe, Brixton is reportedly close to selling another £225 million portfolio to New York based Westbrook Partners.
- Merrill Lynch to sell $2.65 billion Asian opportunity fund platform
Merrill Lynch has instigated a process to sell the management of its pan-Asia real estate opportunity fund. The New York-based investment bank is thought to have begun sounding out potentially interested parties.
- Report: Blackstone and MGPA mull over bids for Brixton
The Blackstone Group and MGPA have reportedly approached London-based industrial REIT Brixton over a possible bid for the company. Brixton is in need of a cash injection as it comes close to breaching its banking covenants.
- Korean pension to up overseas exposure to alternatives
South Korea’s National Pension Service will reportedly resume its overseas investments from next month and increase its investments in overseas alternative assets.
- AIG sells Tokyo HQ to Nippon Life
The embattled insurance group, AIG, has sold its central Tokyo headquarters for $1.2bn. The firm said the sale attracted ‘substantial interest’ from Japanese and overseas investors. The sale is part of the group's restructuring plans after the US government provided $180bn in support.
- RockBridge hires Hilton investment pro
Former Hilton Hotels executive, Jonathan Benowitz has joined RockBridge as managing director in charge of the firm’s investment group. Benowitz played a key role in Hilton’s sale to The Blackstone Group in 2007 and has also worked for the Marriott Corporation.
- Geithner plan ‘euphoria’ sends US-listed funds soaring
Fortress shares doubled after the US Treasury outlined plans this week to buy up to $1trn in toxic assets by combining public and private equity. Blackstone and Och-Ziff have also seen their stocks rise.