Availability payment-based structures have a future in the United States, but not without some challenges, writes Cezary Podkul.
4 min read · 08 February 2013
A group of LPs has asked Sun Capital for the ability to shrink commitments to its $6bn fifth fund because of ‘liquidity issues’ and asset allocation imbalances.
2 min read · 08 February 2013
The ratings agency has upgraded the senior debt rating of the WestLink M7 toll in Sydney from BBB to BBB+. It put the upgrade down partly to the ‘operational toll road expertise’ of sponsors Transurban, Macquarie Infrastructure Group and funds managed by QIC.
2 min read · 08 February 2013
Having already corralled $4 billion of equity commitments for a global opportunity investing consortium, the Toronto-based firm has swollen its kitty by a further $1bn as two more investors sign up.
2 min read · 08 February 2013
The Los Angeles-based firm reportedly said it was looking to merge Japan Rental Housing Investments with other J-REITs. Oaktree said the industry was ripe for “consolidation", according to media reports.
2 min read · 08 February 2013
The business development company has staved off bankruptcy for the short term as it eases its debt load by $174m.
2 min read · 08 February 2013
The Hong Kong-based firm has hired four professionals from Deutsche Bank’s Asia-Pacific distressed products group.
2 min read · 08 February 2013
Florida's state pension board has totally written off its $250m investment in Tishman Speyer's Stuyvesant Town/Peter Cooper Village deal, joining California's massive teachers' pension, which wrote its $100m investment in the deal to zero.
2 min read · 08 February 2013
The veteran real estate investor has reportedly launched a $625m credit fund to target distressed real estate securities. The vehicle, Zell Credit Opportunity Fund, has raised $125m to date, according to regulatory filings.
2 min read · 08 February 2013
The private equity firms plan to back stop a $75m rights offering and exchange $98m of debt for equity in Builders FirstSource, the US' second largest supplier of building products.
2 min read · 08 February 2013
