Zoe Hughes
The private equity firm has hired the former Cohen & Steers chief investment officer James Corl to led its foray into real estate. The firm said it would look to create a real estate vehicle to target distressed investments.
Station Casinos’ proposed debt restructuring has met with anger from some bondholders. A lawsuit alleges the plan is 'ungentlemanly', favouring a limited number of senior note holders. Station said the lawsuit was 'without merit'.
The $45.4bn Pennsylvania Public School Employees Retirement System has joined New Jersey in withdrawing planned commitments to funds, including Beacon, Carlyle, Stockbridge and Mesa West.
David Edwards, head of research for LaSalle Investment Management in Asia, is to take charge of the firm’s open-ended Asia Property Fund. Kenneth Tsang takes over Edwards’ former role.
The 87-year-old retail company has filed for Chapter 22 bankruptcy protection less than one year after originally being brought out of Chapter 11. Private equity firms are among potential buyers, Fortunoff says.
The private equity real estate firm with more than $3bn in dry powder has told investors they can reduce their commitments by a tenth without penalty.
Colony and the casino company’s main backers are planning to inject an extra $244m into the gaming operator as it struggles with its debt load. Station, which missed a debt interest payment today, revealed Chapter 11 could be part of its restructuring plan.
The Los Angeles-based private equity firm has joined forces with California's Ryland Group to acquire and develop residential lots. Oaktree plans to exit the investments by selling finished lots to developers, including Ryland.
Oregon Investment Council has been asked by the New York-based investment firm to invest additional equity into its Gagfah deal, as it looks to pay down debt on the German residential property company. Fortress went to its LPs rather than go to 'outside sources'.
Angelo Gordon’s sale-leaseback group has bought the headquarters and main distribution centre of Stampede Meat, a portfolio company of Fairmont Capital, PNC Mezzanine Capital and Sankaty Advisors. The all-equity deal was valued at $14m.