TPG is once again targeting a struggling airline, having teamed with American Airlines on a joint bid to restructure JAL. Rival US-based carrier Delta is also bidding.
Dubai World's debt problems have cast a slur on the region's reputation, but investors should avoid forming a link between government capital and private capital.
The latest Coller Capital private equity barometer shows LPs globally are less positive on private equity, with Asia-Pacific LPs standing out as the most downbeat.
The US REIT, which filed for bankruptcy protection in April, has reached agreement to extend loans covering $9.7bn of its secured debt. Confirmation of the plan is scheduled for 15 December.
Aside from deals with the Royal Bank of Scotland and the National Pension Service of Korea, Rockspring has been busy raising its UK Value Fund. PERE Magazine December 2009- January 2010 issue
Ladder Capital postponed plans for a partial blind-pool REIT after institutional investor appetite waned in September. CEO Brian Harris tells Zoe Hughes the firm will look to the public markets again as Ladder plans to take advantage of a ‘permanent change’ in the US lending community. PERE Magazine December 2009- January 2010
Mansco Perry, the chief investment officer of the Maryland State Retirement Agency, says the pension system views real estate as a long-term asset class, still wants real estate fund managers … but wants fees to come down. PERE magazine December 2009-January 2010 issue.
Investors still want real estate in the portfolio for the same reasons as they wanted it before the credit crunch. PERE magazine December 2009-January 2010 issue
As the economic climate improves, Nippon Life’s Hideya Sadanaga reflects on the lessons LPs can learn from the financial crisis and shares his views on the Asian private equity industry.
The state-owned ports and real estate conglomerate at the centre of Dubai’s current economic crisis has announced it is focusing the restructuring of its debt obligations towards itself and its real estate subsidiaries Nakheel and Limitless. It also confirmed that asset sales could form part of the process.