The listed income fund has successfully refinanced $162.5m of credit facilities. The fund will also have the opportunity to expand the facility to $200m, subject to securing additional commitments.
Experts presenting at the PEI Active Portfolio Management Forum in New York described sellers in the secondaries market reluctant to agree deals at steep discounts, and buyers waiting on the sidelines.
With LPs increasingly seeking safety amid quality, core real estate assets, Falcon Real Estate president Jack Miller said it’s essential for all sides to have an honest debate about the type of returns they can realistically expect from real estate in the coming years.
Peter Pereira-Gray reiterates his cautious approach to investing in private real estate funds, warning alignment of interest among LPs is a key concern.
The Boston-based firm finally triumphed in its pursuit of the bankrupt, members-only club in Montana after originally bidding $470m for the resort in 2008. Yellowstone has been subject to a drawn out court battle over its future.
The Canadian private equity firm has been amassing the bankrupt casino operator’s senior debt. Onex made the investment from its third buyout fund, which is nearing a $3.5bn close.
The healthcare, pharmaceutical and beauty group – one of Europe’s most iconic buyouts of the credit boom years – has grown its revenue and profits over the last 12 months.
Debt and declining consumer demand has sent Australia's Riviera Group into receivership. It marks the second private equity-backed yacht investment to sink in 2009, the first having been Candover- and Permira-backed Ferretti in February.
The New York-based real estate firm, which was originally targeting investments primarily in Latin America, is now targeting the US. The firm is also raising an agribusiness vehicle targeting agricultural land in Argentina, Brazil, Colombia and Uruguay.
A bill recently passed in Arizona provides an example of how investors can help get the haulage industry on board for PPP enabling legislation in the US, writes Cezary Podkul.