Following a period of frenzied fundraising for pan-regional Asian funds, the focus is now shifting to standalone pockets of opportunity, writes Siddharth Poddar.
2 min read · 08 February 2013
Less than a year after taking over as the Asia Pacific head of Blackstone-owned GSO Capital Partners, Tim Donahue is rejoining JPMorgan.
1 min read · 08 February 2013
Former US Republican congressman Michael Huffington lost $20m when Carlyle Capital Corp went under in March last year and alleges the buyout firm misrepresented the fund’s risk profile.
1 min read · 08 February 2013
Duane Reade has struggled under its $556.5m debt load and heavy competition from national chains. Oak Hill bought the drug store chain chain in 2004 for $750m.
1 min read · 08 February 2013
The loan to the $1.2bn Triangle Expressway project is being extended under the government’s TIFIA credit programme. The remaining financing will include $271m of toll revenue bonds and $343m of ‘Build America Bonds’ authorised by the economic stimulus bill.
3 min read · 08 February 2013
The Cincinnati-based real estate investment firm secured commitments from nine investors for its fourth vehicle, PERE has learnt. The firm has also bought its first asset, a 170,000-sq. ft Target-anchored centre in Phoenix.
1 min read · 08 February 2013
The former president of JER Partners in Europe has joined private property investment company Three Delta, which attempted to acquire Sainsbury’s supermarket group in the UK two years ago.
1 min read · 08 February 2013
Guy Hands’ firm is in discussions with Citi about restructuring the $5.5bn debt burden weighing on EMI. The music group – home to such stars as Coldplay and REM – accounts for 30% of Terra Firma’s two latest buyout funds.
2 min read · 08 February 2013
As private fund managers look to the US public markets to raise capital, one public REIT is looking to a private fund to take advantage of the downturn. By Zoe Hughes
2 min read · 08 February 2013
The US government has selected nine private investment firms, including Angelo Gordon, GE Real Estate, Oaktree and Invesco to help take real estate loan-backed securities off banks’ balance sheets.
2 min read · 08 February 2013
