Recently rebranded Istithmar World, backed by the Dubai government, has agreed to purchase a majority stake in US firm Gulf Stream Asset Management.
Good companies with bad balance sheets and strategies outside the LBO box provide opportunities galore, said firm co-founder Leon Black at the Milken Institute's ongoing conference in Los Angeles.
The outlook for the US commercial real estate market is generally sound despite the credit crisis, according to a report by real estate management firm, ING Clarion. However ING warns the office sector will be hit over the next two years before recovering strongly in 2010-2011.
The US bank and the global buyout firm have held talks about the possibility of strengthening co-investment ties, after Merrill Lynch sounded out TPG last year on the possibility of receiving a capital injection from the buyout firm.
The buyout firm blew the whistle on a former Wall Street trader who has settled an SEC lawsuit alleging he spread false rumours about Blackstone’s Alliance Data deal.
The US bank and the global buyout firm have held talks about the possibility of strengthening co-investment ties, after Merrill Lynch sounded out TPG last year on the possibility of receiving a capital injection from the buyout firm.
General partners must patiently wait for deal flow to thaw, writes Nicholas Lockley.
European non-listed real estate funds `struggled` to invest equity in 2007, with opportunity funds hit hardest.
The Nordic specialist energy private equity firm has bought a start-up oil and gas exploration and development company sealing another investment in the frenetic sector.
The success of TDC, the Danish telecoms company backed by a buyout consortium, in deleveraging by buying its own debt at a discount, has tempted other firms to follow suit.