Private Equity
PCCP has raised $105m for its $125m follow-on offering to a Lehman Brothers’ mezzanine vehicle it acquired last December, while Fortress is targeting $325m for a follow-on to a 2007 Florida co-investment vehicle.
2 min read · 05 January 2013
The $198bn pension has been negotiating with external managers for fee cuts, and has slashed an additional $99m in fees from managers including 17 private equity firms.
2 min read · 05 January 2013
The private bidders vying for the UK’s second largest airport have been given an extra month to complete their offers. The move comes a month after a 3i-led consortium retracted its bid amid reports that a £2bn price tag was too high.
2 min read · 05 January 2013
General Equity Real Estate’s Chris Macke has warned US banks and financial institutions need to start a phased clean up their balance sheets, otherwise real estate won’t recover until 2014 at the earliest.
5 min read · 05 January 2013
The $21bn Austin-based retirement system will increase its overall real estate portfolio from 2% to up to 8% as part of a long-term diversification strategy, investing up to $600m in the next two years.
1 min read · 05 January 2013
Global Infrastructure Partners and a consortium consisting of Citi Infrastructure Investors, Vancouver Airport Services and John Hancock Life Insurance have emerged among the bidders for the UK’s second-busiest airport.
3 min read · 05 January 2013
The US House of Representatives will vote next week on legislation that would require private fund managers with assets over $150 million to register with the Securities and Exchange Commission. If approved the bill will then go on to the Senate.
2 min read · 05 January 2013
John Klopp, head of the bank’s Americas real estate investing and global debt investing operations, expects the firm to target FDIC loan portfolios as it looks to debt opportunities for future investments.
2 min read · 05 January 2013
The latest 'blank cheque' company on the market may be a bellwether: it features 10% carry, an easy opt-out structure for investors and a shortened investment period.
4 min read · 05 January 2013
The US homebuilder has returned to buying distressed debt acquiring a portfolio of 5,500 residential and commercial loans pooled from 22 failed banks by the FDIC.
2 min read · 05 January 2013
