Apollo Global Management, the Leon Black-led alternative investment giant, has been actively recruiting real estate professionals to lead a new real estate arm. The move could present a branding challenge to a separate firm called Apollo Real Estate Advisors, in which Black owns a minority stake.
2 min read · 05 January 2013
The heads of Blackstone and Equity International lead the Forbes 400 list of the richest US investors in private equity. Leon Black, Pete Peterson, David Rubenstein, Tom Barrack, Tony James and Jerry Speyer were among other buyout titans listed.
1 min read · 05 January 2013
The US department store, which filed for Chapter 11 bankruptcy protection in July, has filed a lawsuit against its buyers, including funds controlled by Cerberus Capital, Sun Capital and Lubert-Adler, alleging the firms stripped it of its real estate assets in order to leverage the buyout.
2 min read · 05 January 2013
The private investment firm has bought the 70-store retail company, which includes souvenir and Harley Davidson stores, after previously acquiring the company just five years ago. The New York-based firm sold the company three years ago to private equity firm Bruckmann, Rosser, Sherill & Co.
2 min read · 05 January 2013
A special report in PERE magazine reveals a secretive firm that is building out its franchise in Asia and Central and Eastern Europe. The real estate investment arm of Goldman Sachs’ fundraising prowess has been undeterred by some LPs who see a dizzying array of fees cutting into net performance.
2 min read · 05 January 2013
The $67bn Pension Benefit Guaranty Corporation is branching out into alternatives and seeking up to three private equity and real estate advisors to manage a $5.5bn alternatives ‘pot’.
1 min read · 04 January 2013
The Los Angeles-based private equity firm builds on its knowledge of the renal healthcare system with the acquisition of long-term care company, Covenant Care.
1 min read · 04 January 2013
The private equity firm could lose almost half its investment in the bankrupt US retailer after hedge fund Bay Harbour submitted a stalking horse bid. Steve & Barry’s, which carries clothing by celebrity designers including Sarah Jessica Parker, filed for Chapter 11 last month.
2 min read · 04 January 2013
John Kukral, who was fundamental in building Blackstone’s real estate arm, will target US distressed real estate companies and assets with Northwood, his debut fund. It is based on an evergreen structure, and split into two separate vehicles.
2 min read · 04 January 2013
The London-based private equity firms are believed to have paid up to £100m for a stake in the British women’s clothes and shoe store, L K Bennett. The store founder, Linda Bennett, will remain a “substantial shareholder”.
2 min read · 04 January 2013
