The Middle Eastern market is being affected by the credit crunch as it looks to cut back on ‘overcapacity’. The investment bank operates various private equity and real estate funds, including a $533m Saudi hospitality fund.
2 min read · 12 January 2013
The credit specialist is establishing a credit dislocation and a credit hedge fund to take advantage of the liquidity crisis in the US. The firm hired Mark Zusy, a former Lehman executive, and Sukai Liu for the New York office.
1 min read · 12 January 2013
The retirement community REIT, American Land Lease, will be bought by the Chicago-based private equity real estate firm. The deal is expected to close early 2009.
2 min read · 12 January 2013
The private equity real estate firm will invest in value-added and development opportunities in the region through its second Asia-focused real estate vehicle, according to US pension documents. Carlyle raised $410m for its first Asia-focused fund three years ago.
2 min read · 12 January 2013
The mortgage and auto lender has extended the deadline of its tender offers as a last ditch effort to meet the capital requirement of $30bn.
1 min read · 12 January 2013
The California-based oil change service provider is selling its assets to its lenders, Goldman Sachs and Blackstone debt unit GSO Capital Partners, amid steep losses. The company blames the recession, high gas prices and negative publicity for its bankruptcy filing.
2 min read · 12 January 2013
Shopping centres and commercial property in the UK will plummet in development volume and value, according to CBRE and RICS. The amount of retail space being developed has fallen 40% in the past year, the fastest rate of decline since the 1990s.
1 min read · 12 January 2013
As real estate markets globally start the process of deleveraging and repricing, private equity real estate veterans in Canada say the country is well placed to handle the downturn – but warn deal flow is off at least 40% over the past year, with cap rates up at least 1%.
2 min read · 12 January 2013
The San Francisco-based real estate secondaries firm has appointed former SL Green/Gramercy Capital executive as LPs increasingly look to liquidate some of their real estate positions. The appointment comes as Liquid works with LPs faced with capital calls in excess of their distributions.
1 min read · 12 January 2013
The private equity firm, formerly called Joseph Littlejohn & Levy, holds a 30% stake in the Canadian company.
1 min read · 12 January 2013
