Peter Pereira-Gray reiterates his cautious approach to investing in private real estate funds, warning alignment of interest among LPs is a key concern.
2 min read · 08 February 2013
The Boston-based firm finally triumphed in its pursuit of the bankrupt, members-only club in Montana after originally bidding $470m for the resort in 2008. Yellowstone has been subject to a drawn out court battle over its future.
2 min read · 08 February 2013
The Canadian private equity firm has been amassing the bankrupt casino operator’s senior debt. Onex made the investment from its third buyout fund, which is nearing a $3.5bn close.
2 min read · 08 February 2013
The healthcare, pharmaceutical and beauty group – one of Europe’s most iconic buyouts of the credit boom years – has grown its revenue and profits over the last 12 months.
2 min read · 08 February 2013
Debt and declining consumer demand has sent Australia's Riviera Group into receivership. It marks the second private equity-backed yacht investment to sink in 2009, the first having been Candover- and Permira-backed Ferretti in February.
2 min read · 08 February 2013
The New York-based real estate firm, which was originally targeting investments primarily in Latin America, is now targeting the US. The firm is also raising an agribusiness vehicle targeting agricultural land in Argentina, Brazil, Colombia and Uruguay.
1 min read · 08 February 2013
A bill recently passed in Arizona provides an example of how investors can help get the haulage industry on board for PPP enabling legislation in the US, writes Cezary Podkul.
2 min read · 08 February 2013
Having announced an investment of over €130 million in eight warehouses in continental Europe earlier this week, the Paris-based firm has continued its logistics drive with the further announcement of a purchase of four warehouses from London-listed Brixton.
2 min read · 08 February 2013
India’s largest listed developer is reportedly preparing to sell non-core assets over the next three years to repay more than $2.8bn of debt. DLF founders this week sold 10% of the development company to raise cash to buy out private equity firm DE Shaw from property trust, DLF Assets.
2 min read · 08 February 2013
The publicly listed alternative investment firm will sell Class A shares to repay a portion of its outstanding debt as well as generate working capital that may be used to fund GP contributions to Fortress funds.
2 min read · 08 February 2013
