The turnaround specialist gave bankrupt calendar maker Lang Holdings a bankruptcy loan for up to $16m, which it later used as part of its bankruptcy bid.
2 min read · 08 February 2013
The 'realignment of interests' was a theme repeatedly raised at the London conference Wednesday, with one investor noting LPs, too, must increase transparency.
2 min read · 08 February 2013
Germany’s largest insurer is planning to invest in US real estate once the banks trigger distressed sales, according to boss Paul Achleitner.
2 min read · 08 February 2013
The firm has invested an additional $20 million in Novita to take control of the company's core business. The investment is the firm’s last deal from the W500bn Vogo Fund.
2 min read · 08 February 2013
The distinction between distressed debt investing and running a lending business remains unclear after a recent IRS memorandum.
2 min read · 08 February 2013
Jacqueline Brady, Margaret Blakely, Brent Morris and five others have joined Urdang as part of the firm’s push into real estate debt. The team will help advise two multi-billion dollar Capmark funds.
1 min read · 08 February 2013
The situation at PAI does not signify wider large cap woes, writes Toby Mitchenall.
3 min read · 08 February 2013
The Pennsylvania pension made its first private equity-related commitment this year, betting on a credit strategy.
2 min read · 08 February 2013
The struggling Central European property firm, Orco Property Group, has reportedly hired UBS bank to help find potential new investors. Colony is still in talks to acquire a stake in the group after Orco filed for bankruptcy protection.
2 min read · 08 February 2013
The City of Miami has delivered a $50m letter of credit needed for the the project to proceed to financial close.
2 min read · 08 February 2013
