The sale-leaseback spinoff of WP Carey has joined the investment management subsidiary of Annaly Capital Management to capitalise on the emerging European sale-leaseback market.
Julian Carreras, who left Palamon Capital Partners in 2006, has re-joined after stints at Cinven and Thesan Capital, as the firm looks to bolster its Spanish coverage.
The two groups will provide an initial $400m to invest in Turkey and the surrounding region, and may raise a further $600m next year.
The $26.2bn system has committed $750m to a ‘strategic partnership’ with TCW spin-out Crescent Capital Group. South Carolina previously set up a $759m separate account with Apollo Global Management in 2009.
The mega-trend towards operational value-add is irreversible
China-focused Spring Capital was launched just before the 2008 credit crisis hit. Founder and chief executive Vincent Chan tells PE Asia how the first-time fund coped with a difficult fundraising process and how it differentiates itself in China’s growing private equity market
UK opposition leader Ed Miliband singled out private equity this week as an example of 'bad business'. The argument may have been weak, but the sentiment is significant.
The Stockholm-based firm, which is approaching the end of fundraising for its sixth fund, has hired Christian Broberg from CD&R.
Private equity real estate firms have taken to filling the large, deep void left by commercial banks and other traditional real estate lenders. PERE Magazine, October 2011 issue
There is hidden distress in the German real estate market, and private equity real estate firms are gearing up in creative ways in their quest to uncover it. PERE magazine October 2011 issue.