France and Germany became founding members and first countries to commit capital to the multinational infrastructure development fund, which is ultimately targeting $10bn of capital that could enable $40bn of projects in emerging markets. Privately-funded projects will be eligible for IFC financing.
2 min read · 08 February 2013
Despite few properties trading hands in the capital, Monday Properties CEO Anthony Westreich says cap rates in Washington DC are above their historical trends suggesting the metro office market may have repriced too far. Washington DC, he says, is the "best" market in the US.
2 min read · 08 February 2013
France and Germany became founding members and first countries to commit capital to the multinational infrastructure development fund, which is ultimately targeting $10bn of capital that could enable $40bn of projects in emerging markets. Privately-funded projects will be eligible for IFC financing.
2 min read · 08 February 2013
London-based law firm SJ Berwin is planning to open an office in Dubai, the first for the firm in the Middle East.
1 min read · 08 February 2013
Private equity veteran Tom Lee said his firm is looking to invest without leverage in both 'good' and 'bad' banks. Meanwhile, Apollo is eyeing various credit opportunities including providing DIP financing and LBO loans, as well as buying debt in companies it 'knows well' like former portfolio company Intelsat.
2 min read · 08 February 2013
GPs must aggressively analyse and restructure portfolio companies' capital structures before they reach emergency stages, Marc Rowan said at a conference in Los Angeles yesterday. The private equity industry will be one of the most challenged during this economic cycle due largely to the 'looming' maturity of debt for levered companies, he added.
3 min read · 08 February 2013
The buyout giant’s plan to delist its Euronext-traded fund and float on the New York Stock Exchange has once more been delayed due to the tumultuous recent conditions in the financial markets.
1 min read · 08 February 2013
The luxury yacht-maker will continue trading under the ownership of founder Norberto Ferretti and its lenders. Candover and Permira, who had until recently owned over 60% of the firm, are out.
1 min read · 08 February 2013
The Blackstone spin-out has already held a first close on its second fund to focus on direct venture capital secondaries. It recently acquired stakes in nine new companies including Facebook, Zappos and eHarmony.
2 min read · 08 February 2013
The UK’s motorway widening project has been oversubscribed for bank financing, removing the need for government funding.
1 min read · 08 February 2013
