The time for distressed investing in India has arrived, but investors on the whole are hesitating to take advantage of it.
A consortium led by Egyptian private equity firm Citadel Capital has achieved financial close on a $3.7bn deal to construct a greenfield refining upgrade public-private partnership project in the Greater Cairo area.
The Lehman Brothers spinout and the New York-based developer and investor have refinanced 110 William Street in downtown Manhattan with $161.5 million in new financing, which included a mezzanine loan from Pearlmark Real Estate Partners.
Andrew Bellis, a senior CLO manager at Credit Suisse, has joined 3i Debt Management as a partner in a further sign of the group’s ambitious growth plans.
Joe Azelby, a one-time professional American football player, has built JPMorgan’s core US real estate platform into a global real assets business with $60 billion under management. In an interview with PERE, he explains why he is a fan of diversity, why investors need to change their attitude towards allocation and why he ultimately is glad that his football career was short. By Robin Marriott. PERE Magazine June 2012 issue.
Northleaf Infrastructure Co-Investment Partners has amassed C$500m in capital. The fund is the debut infrastructure offering from private equity firm Northleaf Capital.
The London and Hong Kong-based hedge fund manager is planning to wrap a $150m real estate opportunity fund around a strategy to unlock opportunistic returns from development and distressed real estate in Myanmar, Mongolia and Vietnam.
Priorities USA Action, a political action committee backing President Obama, has released a new ad attacking Mitt Romney’s private equity background in an effort to swing ‘battleground’ states.
The oversubscribed refinancing involved 17 ‘existing and new relationship banks’ from the UK, Continental Europe, the US, Canada and Australia. The new debt facilities have a five-year tenor and carry margins of between 150bps and 225bps.
The European buyout shop has agreed to another deal through its fourth flagship fund as it tries to raise €6.5bn on Fund V.