The troubled mid-market lender CIT Group has received a $3bn rescue package from a group of its bondholders that will prevent it from collapse, at least for the short term.
2 min read · 08 February 2013
The Association of Real Estate Funds (AREF), which represents UK unlisted vehicles, and the Property Industry Alliance (PIA), made up of various UK property associations, have fired off letters to the Treasury in London and the UK’s Financial Services Authority amid concerns about a European Union draft directive that has huge implications for private equity real estate funds operating in Europe.
3 min read · 08 February 2013
Former US Republican congressman Michael Huffington lost $20m when Carlyle Capital Corp went under in March last year and alleges the buyout firm misrepresented the fund’s risk profile.
1 min read · 08 February 2013
The loan to the $1.2bn Triangle Expressway project is being extended under the government’s TIFIA credit programme. The remaining financing will include $271m of toll revenue bonds and $343m of ‘Build America Bonds’ authorised by the economic stimulus bill.
3 min read · 08 February 2013
The Cincinnati-based real estate investment firm secured commitments from nine investors for its fourth vehicle, PERE has learnt. The firm has also bought its first asset, a 170,000-sq. ft Target-anchored centre in Phoenix.
1 min read · 08 February 2013
The former president of JER Partners in Europe has joined private property investment company Three Delta, which attempted to acquire Sainsbury’s supermarket group in the UK two years ago.
1 min read · 08 February 2013
The New York firm has raised an opportunity fund to acquire mortgage securities, structured products and other opportunities from the US mortgage market.
1 min read · 08 February 2013
As private fund managers look to the US public markets to raise capital, one public REIT is looking to a private fund to take advantage of the downturn. By Zoe Hughes
2 min read · 08 February 2013
The US government has selected nine private investment firms, including Angelo Gordon, GE Real Estate, Oaktree and Invesco to help take real estate loan-backed securities off banks’ balance sheets.
2 min read · 08 February 2013
The San Francisco-based firm has acquired the wireless communications arm of German tech firm Infineon.
2 min read · 08 February 2013
