The US public service union, the Service Employees International Union, has launched an international initiative to change tax laws it asserts unfairly benefit private equity firms.
2 min read · 05 January 2013
When Barack Obama is sworn into the White House in 2009, private equity firms can expect some changes, among them likely increases to capital gains and carried interest taxation. However, his election also could prompt a greater willingness by overseas investors to invest in the US.
2 min read · 05 January 2013
The German commercial real estate lender is the first private sector group to ask for help from Germany’s €500bn bailout fund as it waits for the arrival of a previously agreed €50bn rescue package.
1 min read · 05 January 2013
Six modernist housing estates in Berlin, including one owned by Pirelli Real Estate and the private equity real estate arm of Deutsche Bank, have been given the same protection as the Great Wall of China and the Great Barrier Reef after being named a World Heritage site by Unesco.
1 min read · 05 January 2013
The alternatives arm of Deutsche Bank has followed GIC Real Estate in buying a ‘significant minority’ interest in Rosen Real Estate Securities. The deal is expected to close by the end of the year.
1 min read · 05 January 2013
Apollo Real Estate Advisors has changed its name to Area Property Partners, effective from January next year, following Leon Black’s decision to expand his Apollo Global buyout shop into the real estate space.
2 min read · 05 January 2013
The bailout of the German commercial property lender, Hypo Real Estate - which is partially owned by private equity firms JC Flowers and Grove International - could prompt investors to wait for further distress to enter the market, according to ING Real Estate's European chief investment officer Will Rowson at ExpoReal.
3 min read · 05 January 2013
The US industry body, the Real Estate Roundtable, said the US government’s $700bn plan to buy-up troubled mortgage-related assets had a high ‘price tag,’ but argued that it was the best way forward.
2 min read · 05 January 2013
The $16bn pension has invested more than $100m to three private equity funds, including Charterhouse’s latest European buyout fund, which has reportedly held a first close on €3.6bn.
1 min read · 05 January 2013
The Carlyle co-founder said he and other private equity players would be among the biggest buyers of the distressed mortgage- and real estate-related assets set to be acquired by the US governments’ $700bn financial rescue plan.
2 min read · 05 January 2013
