The alternative investment giant faces a slalom course of hazards from a 2006 Canadian ski resort investment and other boom-era real estate deals. PERE Magazine, April 2009 issue
5 min read · 08 February 2013
Fred Eckert is chairman and CEO of GSC Partners, an investment group that already is active in CDOs, distressed investing and European mezzanine finance. He spoke to Private Equity International about the products, the people and the plans shaping this business.
10 min read · 08 February 2013
The Boston skyscraper was sold for a reported $20.1m, plus the assumption of a $640.5m mortgage, after Broadway Partners defaulted on a loan. Broadway paid $1.3bn for the skyscraper and two other buildings in 2006.
2 min read · 08 February 2013
Nick Gaynor, Deutsche Bank’s head of financial sponsor coverage for the EMEA region, has joined the subsidiary alternatives firm to lead its charge into direct and co-investments.
1 min read · 08 February 2013
The US government's moves to gain greater regulatory control over large financial instutions would obligate some private equity firms to register with the SEC and supply data including the names of LPs and leverage levels on deals.
3 min read · 08 February 2013
The New York-based private equity firm has taken the unusual step of suing two of its smaller LPs – Chalice Fund and WK CG Investments – for allegedly defaulting on capital contributions to three funds.
2 min read · 08 February 2013
Recently voted best law firm for fund formation in Europe in the Private Equity International Awards 2008, SJ Berwin has identified China and East Asia as 'critical markets for the future', according to senior partner Jonathan Blake. The firm will open its 10th office in Hong Kong – its first outside Europe.
2 min read · 08 February 2013
The UK government’s safety net, which now contains around £400bn of banks’ risky assets, could delay refinancing procedures and cause lenders to encourage corporate defaults.
2 min read · 08 February 2013
The distressed investment specialist is surrendering all its stock in Thornburg Mortgage and has resigned its board seats. The residential mortgage lender has been given a grace period by lenders to come up with a restructuring plan.
2 min read · 08 February 2013
Fortress has attributed its $162m loss last year to non-cash adjustments for fair value write-downs and clawback reserves. But the firm remained upbeat on an analyst call, with chief executive Wes Edens forecasting an opportunity-laden ‘great liquidation’ of financial services assets following the current recession.
3 min read · 08 February 2013
