Private Equity
Fortress Investment Group, which bought more than $250m of Michael Jackson's debt in 2003, has no remaining investments related to the pop star, according to sources. Private equity had played a role in helping Jackson avoid bankruptcy in the past few years.
2 min read · 05 January 2013
Josh Lerner, the Jacob H Schiff Professor of Investment Banking at Harvard Business School, will maintain his post at the university while advising Grove Street Advisors on how it can broaden its client base and product offering.
2 min read · 05 January 2013
The Singapore-based firm has hired Alex Sao-Wei Lee from secondaries specialist Coller Capital.
1 min read · 05 January 2013
European private equity groups lobbying against recent proposed regulations should take aim at three particularly harmful measures, writes Kevin Ley.
3 min read · 05 January 2013
In its maiden US-led deal, the London-headquartered private equity firm has acquired a 20% stake in NYSE-listed Office Depot, a global supplier of office equipment.
1 min read · 05 January 2013
Lehman Brothers and Starwood Capital are putting le Méridien Hotel on London's Piccadilly on the block. The hotel was bought as part of a package of properties in 2005. Le Meridien is expected to sell for around $140m.
1 min read · 05 January 2013
The bank, which inherited the placement agent business following its merger with Merrill Lynch, will use a smaller team to manage its current clients, but will not take on any new clients.
2 min read · 05 January 2013
The San Francisco-based firm has closed its eighth private equity real estate fund, targeting all property sectors in the US.
1 min read · 05 January 2013
The investment in Chinatrust will be made through the US bank’s Asian private equity arm and its other subsidiaries.
2 min read · 05 January 2013
The direct secondaries firm, which has begun fundraising for Cipio Partners Fund VI in the US, recently purchased 10 venture investments from 3i Group.
1 min read · 05 January 2013
