The New York firm has taken possession of an office building on Wall Street after buying a defaulted mezzanine loan from Prudential.
2 min read · 15 January 2013
The global alternatives group distributed $6.4bn to investors in the first quarter this year, almost as much as the $7.5bn it returned in 2010, according to the David Rubenstein-led firm’s annual report.
2 min read · 15 January 2013
The global alternatives group distributed $6.4bn to investors in the first quarter this year, almost as much as the $7.5bn it returned in 2010, according to the David Rubenstein-led firm’s annual report.
2 min read · 15 January 2013
Private equity professionals are a competitive bunch. But many were likely toasting Cinven’s sale of Phadia this week as further evidence that boom-era buyouts can prove profitable.
3 min read · 15 January 2013
While performance-based carried interest will be paid out to even the worst-performing funds which invested in the run-up to the industry's golden era, those raised during the boom may fail to pay any carry at all, new research shows.
2 min read · 15 January 2013
Former Towerbrook Capital Partners managing director John Sinik has launched a debt fund management business which is hoping to raise at least €300m for its maiden vehicle.
3 min read · 15 January 2013
Portugal will have to look into its PPP contracts with a view to ‘reduce the government’s financial obligations’ as part of the €78bn EU/IMF bailout provided to the country. The bailout also encourages the government to try and reduce feed-in tariffs for existing renewable contracts.
2 min read · 15 January 2013
Can the debt markets handle the $800bn of outstanding LBO loans?
5 min read · 15 January 2013
The National Audit Office has issued a report calling in strident terms for alternatives to the Private Finance Initiative (PFI) to be considered. PFI, which is the UK’s standard method of procurement for infrastructure projects, has come under increasing fire for allegedly failing to provide value for money.
2 min read · 15 January 2013
After six months of foreclosure proceedings, failed joint venture negotiations and a bankruptcy court hearing, Garrison Investment Group finally wins control of a Virginia office complex. But at what price? PERE magazine, May 2011 issue
4 min read · 15 January 2013
