Blackstone’s $10.9 billion mega fund is roughly 90 percent invested in the wake of its $9.4bn acquisition of Centro Properties’ US assets. Was the mega deal evidence of a rush to close the fund or Blackstone simply exerting its unrivalled equity muscle yet again? PERE magazine April 2011 issue
5 min read · 15 January 2013
KKR has a titanic reputation in the world of private equity, having grown into a global business with $61 billion in assets under management. Its hire of Ralph Rosenberg turned lots of heads, but it will be some time before its real estate division catches up. PERE Magazine April issue 2010.
10 min read · 15 January 2013
The middle class in Brazil continues to grow, boosting the opportunities for private equity in the consumer and retail sector in the country, writes Seth Zalkin.
3 min read · 15 January 2013
Korda Mentha has acted as receiver for a number of distressed Australian toll roads, most recently Brisbane’s ill-fated Clem7 tunnel. Partner Martin Madden talks through a typical process and explains how some lenders can profit from it.
4 min read · 15 January 2013
There is good money to be made when infrastructure concessionaires collapse – just look at how quickly hedge funds replaced the 24 lenders on the hook for Australia’s Clem7 toll road.
3 min read · 15 January 2013
The 28-property Highland Hospitality portfolio was purchased for $1.28bn by US REIT Ashford Hospitality Trust and Prudential Real Estate Investors. Around $200m of equity from JER was wiped out in the deal.
2 min read · 15 January 2013
Energy-focused buyout firm First Reserve has taken a minority stake in Ansaldo Energia, a power plant division of aerospace and defense conglomerate Finmeccanica. Banca Imi, BNP Paribas and Unicredit will act as lead underwriters for up to €650m of debt for the deal.
2 min read · 15 January 2013
At a panel session at this year’s MIPIM conference in Cannes, delegates heard from Barclays Corporate how rebounding market valuations in the UK have led to less distressed real estate situations.
2 min read · 15 January 2013
Energy-focused buyout firm First Reserve has taken a minority stake in Ansaldo Energia, a power plant division of aerospace and defense conglomerate Finmeccanica.
2 min read · 15 January 2013
Strategic shifts and new developments in private equity real estate in the second half of 2010 offer clues to global trends for 2011. PERE magazine 2010 Awards & Annual Review issue.
8 min read · 15 January 2013
