Robin Marriott
.jpg "Blackstone's Hilton IPO could net $10bn profit")
The New York firm put equity of around $6.5 billion into its takeover of Hilton six years ago and its stake could be valued at $15 billion based on the floatation price of the company’s shares.
An A$105 million acquisition of a grade A building in Perth, Australia marks the debut deal for the firm's Europe and Asia-focussed platform.
The Swiss group has highlighted real estate secondaries, senior debt and preferred equity investments in its investment thesis as it more than doubled the size of its last vehicle in a global series.
The $110bn public pension will promote Rich Hall to lead its private equity investments when Steve LeBlanc, senior managing director of external private markets, steps aside in June.
Law firm Nabarro says in its annual fund trends survey that 77.8% of investors require a reduced management fee for committing to a first close of a fund.
Reports on Friday said Deutsche Bank had launched the sale of a large chunk of its Global Asset Management business, which includes its real estate, infrastructure and private equity platform.
Deutsche Bank is conducting a review of its €516bn global Asset Management group, which could lead to a sale of the bank's private equity, real estate and infrastructure units.
TPG Capital, in a further sign of its intent to build out a real estate platform, has hired Morgan Stanley’s global head of private capital markets.
Magnus Christensson, the European head of fund placement activities at Jefferies bank, is joining TPG Capital as a member of its European capital raising team.
The placement agent subsidiary of The Blackstone Group has hired former Credit Suisse and Partners Group capital raiser, Jan-Christoph Klein.
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