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Matt Levin

The UK student housing developer says it could take months to pursue roughly £30 million from its private equity vehicle trapped by the collapse of Icelandic bank Landsbanki. It comes as defunct investment bank Lehman Brothers looks to sell its equity stake in a joint venture with Unite.
The student housing developer has sold 13 properties across the UK to the Unite UK Student Accommodation Fund, its own co-investment vehicle.
The $182bn Sacramento, California-based pension, struggling with the denominator effect, will vote next week on whether to raise the upper limit of its target allocation to real estate and private equity. The pension's real estate portfolio is currently 1.6% overweighted.
Chris Rolling and Ashley Unwin will lose their jobs following a cash infusion at the troubled music group.
Chicago mayor Richard Daley has approved the bid from the investment bank’s infrastructure group to operate the city’s 36,000 metered parking spaces. The bid, if given approval by city council, would be the first long-term privatisation of a major metropolitan parking system in the US.
The investment management firm has hired former Deutsche Bank director Fritz Thomas to help lead the firm’s businesses development and client coverage activities.
The San Francisco-based firm, launched by CalPERS last year, has hired former Goldman Sachs healthcare specialist Christopher McFadden to head its first East Coast presence. Health Evolution has already invested and exited one portfolio company with a markup 'north of 25%'.
The Australian investment firm is planning to divest its real estate and operating leasing units after announcing it would retain them this summer. The struggling listed firm will slash its workforce by more than 800 in an effort to repay A$3.1bn in debt. Babcock last year bought US shopping mall operator Gregory Greenfiled & Associates.
The $184bn pension, struggling with the denominator effect, committed $750m to Blackstone’s previous buyout vehicle. CalPERS documents confirmed rumours that Blackstone has lowered its fund target to between $15bn and $20bn.
The private equity giant has named Christopher Dodds as a senior advisor less than three months after the departure of financial services co-head David Zweiner. In related news, the firm also exited telecom company Crest Communications for $70m.

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