The 'realignment of interests' was a theme repeatedly raised at the London conference Wednesday, with one investor noting LPs, too, must increase transparency.
2 min read · 08 February 2013
The distinction between distressed debt investing and running a lending business remains unclear after a recent IRS memorandum.
2 min read · 08 February 2013
The Pennsylvania pension made its first private equity-related commitment this year, betting on a credit strategy.
2 min read · 08 February 2013
The struggling Central European property firm, Orco Property Group, has reportedly hired UBS bank to help find potential new investors. Colony is still in talks to acquire a stake in the group after Orco filed for bankruptcy protection.
2 min read · 08 February 2013
Barry Sternlicht’s firm has led a consortium of investors in the purchase of loans made to condominiums by the Chicago-based bank, taking advantage of an attractive financing package offered by the failed bank’s receivers.
2 min read · 08 February 2013
Jeff Giller is leaving the San Francisco-based secondaries firm after four years. Josh Cleveland and Brendan MacDonald have already left. The departure triggers a key man clause in Liquid’s $570m LRP Fund IV.
2 min read · 08 February 2013
Invesco, TCW and Blackrock are among the firms that have held initial closings on funds that will buy distressed assets from banks and help reinvigorate the US credit markets.
2 min read · 08 February 2013
Renewable energy developer SunRay has reached financial close on a solar power plant project near Rome. €120m of project financing was provided by a three-strong bank syndicate.
1 min read · 08 February 2013
A deadline to reach financial close by 1 October came and went, but parties to the deal are still aiming to consummate the transaction. The City of Miami has until 8 October to approve a $50m letter of credit needed for the project to close, according to a spokesperson.
2 min read · 08 February 2013
Clear views on a cloudy day: four veterans of the US real estate market compare notes high above Manhattan. PERE magazine October 2009
10 min read · 08 February 2013
