GI Partners related stories
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Florida SBA commits $300m to Levine Leichtman, ProvidenceThe board, which manages the state’s $113bn pension, also is considering investments in Oaktree and Bayview.
- GI sells last remaining property in Fund I
The private equity and real estate investor has sold a Frankfurt data centre for $28m to data services firm Equinix. The technology centre was the final asset to be sold from a 25-building portfolio bought by GI in 2004. The firm made a 3.7x multiple on the deal.
- GI buys 75% stake in Macerich mall
The private equity platform has paid $116m cash and assumed $136.5m of a $182m mortgage for a controlling interest in a 1.4m sq. ft Colorado shopping centre. Macerich has been a net seller of assets in 2009 to date.
- GI provides UK real estate grandee with £150m war chest
Fresh from a $1.3bn fund close, the private equity firm has backed a start-up real estate investment firm led by former Lend Lease Europe chairman Nigel Hugill.
- Florida commits more than $770m to private equity
The Florida State Board of Administration has committed more than $1bn to the asset class in 2009.
- GI Partners restructures £325m Park Resorts debt
The UK holiday park operator’s lenders will take an equity stake in the business, in exchange for extending it a new £25m facility.
- GI Partners collects $1.9bn for Fund III
The private equity and real estate firm has fallen short of its target, but raised 35% more than Fund II.
- GI raises $2bn for Fund III, nears full realisation for Fund I
The firm has invested 20% of Fund III's committed capital. It has also realised the real estate portion of its debut fund.
- TowerBrook, GI Partners launch $1bn commercial RE lender
UBS’ former head of global commercial real estate will head Ladder Capital Finance, while Alan Fishman, CEO of Washington Mutual until its collapse in September, will serve as chairman.
- GI buys 10 distressed pub assets
As it nears the $2bn mark in a $2.5bn fundraise, UK private equity firm GI Partners' portfolio company Orchid has purchased 10 businesses from collapsed pub chain Bar Room Bar. Orchid had previously sold Bar Room Bar for £20m.