Zoe Hughes

TPG has made a final offer for the real estate investment management platform, while KKR and others have dropped out of the bidding.

The Chapter 11 filings of GGP and Extended Stay fuelled visions of steep discounts to be had for investors willing to wade into the quagmire of the US bankruptcy courts. Opportunities borne out of bankruptcy, however, are limited – and only for those with plenty of cash to invest. PERE Magazine, December 2010/January 2011 issue.

The Denver-based leisure and travel-focused firm has bought the ski resort that hosted the 1960 Winter Olympics.

Despite some fears that transactions in 2011 will be “tougher” to find than 2010, Blackstone expects deal flow to increase in the coming 12 months as banks earn their way to health and start dealing with their balance sheets.

The pension system said in its quarterly report that private equity deal activity in the third quarter 'showed signs of life'.

The value of the Canadian institutional investor's private equity fund holdings rose by more than C$4bn over a six-month period.

The fifth annual PERE conference concluded today with calls for LPs to turn against the flow of capital to core, amid concerns the sector is becoming as risky as value-added and opportunistic strategies. We present other notable quotables from the New York event.

Speaking at the annual PERE Forum in New York, Mark Burton said LPs have to staff advisory committees with people willing to 'speak out' if the opportunity fund model is to work.

The pension fund has acquired a 45% stake in two Vornado office properties for $91m. The Canadian plan is increasingly targeting direct, core deals as it eyes major US cities.

David Gilbert, the firm’s managing director and portfolio manager, has been named chief investment officer after Jeffrey Barclay (pictured) left to head Goldman Sachs’ expansion into core real estate.