The firms are part of a syndicate buying a $4.5bn portfolio of loans and real estate from failed Chicago-based Corus Bank.
2 min read · 08 February 2013
Barry Sternlicht’s firm has led a consortium of investors in the purchase of loans made to condominiums by the Chicago-based bank, taking advantage of an attractive financing package offered by the failed bank’s receivers.
2 min read · 08 February 2013
Jeff Giller is leaving the San Francisco-based secondaries firm after four years. Josh Cleveland and Brendan MacDonald have already left. The departure triggers a key man clause in Liquid’s $570m LRP Fund IV.
2 min read · 08 February 2013
Invesco, TCW and Blackrock are among the firms that have held initial closings on funds that will buy distressed assets from banks and help reinvigorate the US credit markets.
2 min read · 08 February 2013
The upcoming floatation of Australia's Myer Group shows why private equity firms in Australia and elsewhere need to work on their image.
3 min read · 08 February 2013
Why smart data management is essential for general partners, portfolio companies, investors and regulators. By iLevel Solutions
9 min read · 08 February 2013
Renewable energy developer SunRay has reached financial close on a solar power plant project near Rome. €120m of project financing was provided by a three-strong bank syndicate.
1 min read · 08 February 2013
A deadline to reach financial close by 1 October came and went, but parties to the deal are still aiming to consummate the transaction. The City of Miami has until 8 October to approve a $50m letter of credit needed for the project to close, according to a spokesperson.
2 min read · 08 February 2013
In its pre-close update for the six months ending September 30, the infrastructure investment company saw its junior debt portfolio jump in value by 20% while its overall investments ‘continue to perform satisfactorily’.
2 min read · 08 February 2013
On a recent visit to Tokyo, PERE spent time with the head of commercial real estate for Deutsche Bank – the only international investment bank still lending in the country. Borrowers say debt is too expensive, but Doug Smith argues prices are where they should be. PERE magazine October 2009.
6 min read · 08 February 2013
