As California’s Fair Political Practices Commission investigates 49 CalPERS investment staff for gift reporting, CalSTRS investment officials say they ‘stand by and support’ their counterparts.
2 min read · 05 January 2013
TPG and Oaktree are partnering with former Intrawest founder Joe Houssain to buy the US and Canadian operations of Taylor Wimpey in a $955m deal.
2 min read · 05 January 2013
Mark Burgess will take over as general manager in the middle of the year from CIO David Neal.
1 min read · 05 January 2013
Daniel Mudd will challenge a ‘Wells notice’ served by the SEC, as the federal agency investigates the conduct of Fannie Mae and Freddie Mac in the run-up to the financial crisis.
2 min read · 05 January 2013
The firm - which reported a 29% increase in its private equity portfolio during the past year - has now fully invested its fifth private equity fund, according to president Tony James.
2 min read · 05 January 2013
The $4.7bn global opportunity fund has purchased the restructured mezzanine debt secured by Blackstone’s Hospitality Europe portfolio after the properties’ senior mortgage was renegotiated.
2 min read · 05 January 2013
Crescent Resources, the property developer and manager with land in the South East and South West US, has exited bankruptcy protection after wiping $1bn of debt from its balance sheet and securing $150m in exit financing.
2 min read · 05 January 2013
The $27.4bn endowment will keep eyeing secondaries sales and acquisitions, after reporting a 2.7% real estate loss in the past year. Real estate, though, would be one of the 'most interesting' opportunities over the next few years.
2 min read · 05 January 2013
The Washington DC-based firm has named 15 new managing directors including Brian Bernasek, Andrew Marino and Juan Carlos Felix, alongside 20 promotions to principal/director.
1 min read · 05 January 2013
The race for ING REIM nears a conclusion with TPG, CBRE, Jones Lang LaSalle and Ares Capital Management all submitting final bids. Some of the finalists, though, have come as a surprise to the industry.
3 min read · 05 January 2013
