Private Equity
The first-of-its kind bid to lease an entire port’s operations for a $500m upfront cash payment and ongoing capital commitments has triggered a 120-day period during which the authority will accept competing proposals. Interest from competing bidders is said to be strong.
3 min read · 05 January 2013
The bank has raised CHF300m for its dedicated green property fund, which will be listed on the Swiss exchange by 2013. The fund will target real estate in Switzerland only.
1 min read · 05 January 2013
The Connecticut-based placement agent has promoted David Love and Franklyn Chang to lead its efforts in Asia Pacific and Europe, respectively.
2 min read · 05 January 2013
Former Hilton Hotels executive, Jonathan Benowitz has joined RockBridge as managing director in charge of the firm’s investment group. Benowitz played a key role in Hilton’s sale to The Blackstone Group in 2007 and has also worked for the Marriott Corporation.
1 min read · 05 January 2013
The real estate investment firm has submitted an unsolicited bid to Virginia’s Secretary of Transportation seeking an unprecedented 60-year concession agreement with the Port of Virginia. If approved the offer would force the launch a formal bidding process for the port.
2 min read · 05 January 2013
What could be the first long-term lease of an entire US port has met a challenge from two major private equity groups, whose proposals will be considered alongside a bid by CalPERS-backed CenterPoint.
2 min read · 05 January 2013
The $32bn endowment has invested in Oaktree Opportunities Fund VIII, which is targeting between $4bn and $6bn.
1 min read · 05 January 2013
The US regulator wants to prevent GPs use of placement agents to gain public pension money. It also wants to eliminate any political donations from firms to pension officials.
2 min read · 05 January 2013
The Japanese fund manager is planning to invest up to 35 percent of its fourth domestic opportunity fund into real estate distressed debt.
2 min read · 05 January 2013
Appu Mondassery, Highland Capital's former London head, will steer the HIG affiliate's European distressed debt activities including debt-for-equity restructurings.
2 min read · 05 January 2013
