.jpg "LaSalle, APG close £238m London resi fund")
In a first venture of its kind, LaSalle Investment Management and Dutch pension fund asset manager APG are targeting whole loan development finance for the London residential and UK student housing sectors.
/May/News/PSBeechbrook80.jpg "Beechbrook holds first close for second mezz fund")
The European Investment fund and the UK’s Business Finance Partnership made cornerstone commitments totalling €40m to Beechbrook’s fund.
The sun rose today. A mother made breakfast. A child complained about having to go to school. A [bank/consulting firm/think tank] composed yet another study about the wall of refinancing that may in fact sink us all.
The hiring of Charles Steel represents an expansion of the $59bn firm’s dealmaking capabilities in Europe.
A widening range of provisions for bad loans coupled with a low level of realisations hurt ICG’s full-year profit performance, but it was a record year for fundraising and AUM growth.
The Royal Bank of Canada subsidiary will focus on mid-market opportunities in the UK and Northern Europe with its latest vehicle, which closed well over its €500m target.
.jpg "Highland bolsters presence in Asia")
Jun Park has joined Highland Capital’s Korea office to help develop the firm’s operations in Asia.
.jpg "Oaktree’s Marks and Karsh eye $80m payday")
The firm’s co-founders will reduce their stakes in the business from 14.4% each to as little as 13.4% each as part of a secondary offering.
Kansas boosted its private equity portfolio with a commitment to Apollo Investment Fund VIII, which also invests in distressed debt deals.
.JPG "SDCERS boosts allocation to PE, includes credit")
The San Diego City Employees’ Retirement System’s private equity portfolio contains commitments to distressed and mezzanine investments.