The hybrid fund manager is one of several firms, including Bain affiliate Sankaty Advisors, trying to take advantage of the dearth of lenders for bankruptcy loans.
2 min read · 08 February 2013
From the golden age to the age of pragmatism: private equity is an industry with evolving strategic priorities. PEI looks at how tastes have altered in five key respects.
10 min read · 08 February 2013
As transaction volumes start to slowly pick up in the US, real estate professionals at the ULI conference argue that investors need to “get real” over return expectations.
2 min read · 08 February 2013
Under a pre-agreed reorganisation plan, Macquarie will receive a gift of 2% equity in Express Energy Services once it reemerges from bankruptcy. The $627m deal in which Macquarie and its partners bought 65% of the Texas-based company closed in July 2008, when oil prices stood at a historic high.
3 min read · 08 February 2013
Management of the NYSE-listed Macquarie Infrastructure Company now say their attempt to sell struggling Parking Company of America won’t conclude until next year. The sale will likely be completed alongside a bankruptcy filing.
2 min read · 08 February 2013
Forum Partners, an otherwise low-profile firm that provides growth capital to property companies, made headlines when it acquired the real estate securities platform from Citi. PERE spoke with chief executive Russell Platt about how that deal got done, Forum’s runway to growth and his early days in the bull pen with John Grayken. By Robin Marriott.
10 min read · 08 February 2013
The latest sentiment survey from the US real estate lobby group, the Real Estate Roundtable, finds that confidence is rising in the industry – but there is still a ‘grim sense of reality’.
3 min read · 08 February 2013
The high returns of the boom years have been replaced by another ‘R’ word: risk, according to a series of white papers by Ernst & Young. Real estate companies should now be focused on capital sources, reevaluating their business model and managing global risk.
2 min read · 08 February 2013
The current real estate crisis will be worse than the RTC of the 1990s, but a recovery will not gain ‘traction’ until late 2011 or 2012, according to the latest economic trends report from ULI and PricewaterhouseCoopers.
2 min read · 08 February 2013
Hedge fund manager Julian Robertson and former assistant secretary to the US Treasury Emil W. Henry have launched Tiger Infrastructure Partners, an infrastructure private equity firm which will focus on the energy and power, water, waste, transportation and communications sectors.
2 min read · 08 February 2013
