Private Equity
The Oregon Investment Council has asked Wesley Edens, principal and co-chairman of Fortress Investment Group, to review the firm’s fee structures.
3 min read · 05 January 2013
Wesley Edens, the firm’s co-chairman, said Fortress portfolio company Nationstar, a mortgage servicer, was a candidate for a possible IPO.
3 min read · 05 January 2013
More than $93bn worth of properties in the US are in default, foreclosure or bankruptcy. Research by Real Capital Analytics warns the equity in $1.3tn of property bought or refinanced between 2006 and 2008 is at risk - if it hasn't already been wiped out.
1 min read · 05 January 2013
The buyout firm has underwritten its portion of the deal entirely with equity, and will look to put a debt package in place before it completes in 2010.
2 min read · 05 January 2013
Otera Capital Corp, part of Canadian pension fund Caisse de depot et placement du Quebec, has reportedly bought part of the 1330 Avenue of the Americas building after the property developer defaulted on a $130 million mezzanine loan.
1 min read · 05 January 2013
The firm has agreed to sell its stake in Onesource Group and Leasing Solutions to Australian technology company GSG in a deal that values the businesses at NZ$132m.
2 min read · 05 January 2013
The current real estate crisis will be worse than the RTC of the 1990s, but a recovery will not gain ‘traction’ until late 2011 or 2012, according to the latest economic trends report from ULI and PricewaterhouseCoopers.
2 min read · 05 January 2013
The level of distress in the global real estate market has risen by more than half since the end of 2008. In the first quarter of 2009, defaults on commercial mortgages and failed property companies were more than $55bn.
2 min read · 05 January 2013
The South African firm hopes to raise as much for Fund VI as its $750m predecessor.
2 min read · 05 January 2013
Shengli Oil & Gas is the latest in a series of private equity-backed companies planning to list on the Hong Kong Stock Exchange.
2 min read · 05 January 2013
