The venture firm established by the Rockefeller family has closed its sixth fund on $350m, nearly half the size of its 2007 predecessor.
2 min read · 05 January 2013
John Crocker, a veteran of Citi's private funds group, will market private equity, real estate and infrastructure funds in Australia and New Zealand.
2 min read · 05 January 2013
The pending $2.1bn sale of Intergraph, an engineering and geospatial software maker, represents a handsome return for its private equity sponsors.
2 min read · 05 January 2013
LNR Property will launch a $400m rights offering to recapitalise its business. The firm, the parent company of the largest special servicer in the US, LNR Partners, has engaged Goldman Sachs and Bank of America Merrill Lynch for a new $445m loan which, together with the rights offering, will refinance a $868m senior loan.
2 min read · 05 January 2013
The Dallas-based investment management firm has named Steven Delarosa managing director of investor relations, a newly created position.
1 min read · 05 January 2013
Stockholm-based independent asset manager East Capital Explorer has decided to close its Russian Property Fund, returning the capital back to its investors.
1 min read · 05 January 2013
Citing global regulatory changes, the bank plans to spin out five of its private equity fund management businesses in Britain, Canada, Hong Kong, the US and the Middle East.
1 min read · 05 January 2013
With a wave of commercial real estate debt restructurings building, real estate veterans warn first time investors to be prepared for a steep learning curve and the impact of massive fees on returns.
2 min read · 05 January 2013
The Ontario Municipal Employees Retirement System’s real estate arm will reportedly be the lead equity partner with Related Companies for a $15bn development of Manhattan’s Hudson Yards, after Goldman Sachs Real Estate Principal Investment Area withdrew from the deal.
2 min read · 05 January 2013
The $16.7bn Austin-based Texas Municipal Retirement System has hired consultant ORG to help it add real estate as a new asset class. Texas MRS aims to allocate 10% of its portfolio to real estate over the next ‘several’ years.
2 min read · 05 January 2013
