Institutional investors are ramping up their commitments to distressed debt funds, but which asset class they fit into becomes complex when those commitments end up in credit vehicles raised by traditional buyout firms, according to CalSTRS CIO Chris Ailman.
2 min read · 12 January 2013
The pair have teamed up to acquire a package of 28 assets. It is the first UK deal by Curzon and affiliate AEW Europe since it closed the European Property Investors Special Opportunities fund on €800 million in May.
1 min read · 12 January 2013
The listed private equity investor revealed its first write-down in seven years this morning. However, the group’s shares rose in early trading as investors reacted positively to the firm’s interim results statement.
2 min read · 12 January 2013
In what could be a sign of things to come, the firm has made the first tender offer for a J-REIT in Japan as the publicly listed vehicles continue to be undervalued.
2 min read · 12 January 2013
The Los Angeles-based buyout shop has sold floral delivery business FTD Group to United Online for roughly $754m in cash and stock, four years after purchasing the business in a $422m take-private. The deal value is roughly $46 million below the original announced purchased price.
1 min read · 12 January 2013
Just €392m worth of transactions were completed in the first six months of 2008, compared to €1.9bn for the same period last year, according to a report by CBRE which warned the country was going through a ‘very challenging period.’
2 min read · 12 January 2013
European venture deals have hit a nine-year low. But Germany and cleantech remain bright spots, writes Amanda Janis.
2 min read · 12 January 2013
The sovereign fund, which has received US antitrust approval to raise its stake in Merrill Lynch, has doubled its profits to S$18.2 billion. Though it predicts continued credit market fallout will dampen the economy, Temasek has indicated it will continue to do direct deals in financial services.
3 min read · 12 January 2013
The joint venture that recently raised a $1bn real estate fund is targeting the Florida residential sector. The firms have acquired 500 condos in the Sunshine State ‘at significant discounts.’
1 min read · 12 January 2013
The private equity real estate firm has partnered with US-based real estate investment firm ConAm to acquire a 456-unit apartment complex in Sacramento, California. The pair plan to upgrade the property and increase rents.
1 min read · 12 January 2013
