The New York-based infrastructure private equity firm has agreed to invest in Caiman Energy from its fourth fund, which is targeting $3.5bn.
2 min read · 15 January 2013
The global accounting and advisory firm has appointed two partners to senior leadership positions in its Americas real estate practice.
2 min read · 15 January 2013
A consortium comprised of Macquarie Group and Swedish developer Skanska has agreed to contribute $318m in equity toward Virginia’s Midtown Tunnel project. The contract will have a 58-year term beginning at financial close, which is expected to occur by the end of the year.
2 min read · 15 January 2013
Japanese recruitment services provider Intelligence has acquired Hong Kong-based Staff Management Consultancy for an undisclosed amount.
1 min read · 15 January 2013
Despite the ‘sputtering economy’, the firm’s earnings in real estate rose in the second quarter, driven by increases in underlying investments and performance fees.
3 min read · 15 January 2013
More limited partners want to form ‘strategic relationships’ that are long-term and involve exposure to multiple strategies, co-founder Steve Schwarzman said during an earnings call this week.
3 min read · 15 January 2013
The Blackstone Group affiliate GSO has collected $1.5bn for its second mezzanine fund, which is targeting between $3bn and $3.75bn.
2 min read · 15 January 2013
The largest US pension fund revealed yesterday that its opportunistic investments were largely at fault for its real estate portfolio underperforming its blended benchmark by 10 percent. CalPERS nonetheless produced its first positive annual return since 2007.
2 min read · 15 January 2013
The tie-up between the real estate investment arm of insurance giant Prudential Financial and Paris-based developer Groupe Hoche forms part of its strategy of partnering local operators in markets it believes offer value creation.
2 min read · 15 January 2013
In a rare in-depth interview, KKR co-founder George Roberts discusses both the firm’s and private equity’s ongoing evolution as they move past credit crisis ‘hiccups’ and closer to maturity.
10 min read · 15 January 2013
