Zoe Hughes
Jeff Giller and Brendan MacDonald have formed the San Francisco-based firm with the backing of Goldman Sachs’ private equity group.
Earth Capital Partners' Forestry Fund I is targeting 12% IRRs through the acquisition of established plantations and agricultural land.
Steven Rattner and Howard Margolis will join the family foundation of New York mayor Michael Bloomberg, alongside 18 other former Quadrangle employees.
After almost two years sitting on the sidelines, the New York-based real estate firm is ramping up activity, primarily targeting debt-related deals. It comes as the firm reportedly asks creditors to restructure almost $5bn of debt remaining on its Equity Office Property deal.
The New York-based buyout shop has invested $1.3 billion of fresh equity in deals during the first quarter of 2010. It comes as the firm’s president Tony James insists ‘fundraising has come alive again’.
The New York-based firm has helped Hilton buy back $1.8bn of debt and convert $2.1bn of junior mezzanine debt into preferred equity.
The Los Angeles-based real estate fund manager has appointed former TPG exec Justin Chang to lead its push into private equity.
The real estate arm of the Qatar sovereign fund has teamed up with Voyager Partners to become the largest shareholder in the hotel group taken private by Kingdom Holding Company and Colony Capital for $5.5bn in 2006.
PCCP has raised $105m for its $125m follow-on offering to a Lehman Brothers’ mezzanine vehicle it acquired last December, while Fortress is targeting $325m for a follow-on to a 2007 Florida co-investment vehicle.
With competition mounting for a portfolio of hotel loans seized from a failed Georgia bank, one family office says the way to FDIC success is through single-asset sales. PERE magazine April issue 2010