News & Analysis

Indian real estate investment firm Trikona Capital is selling a third portfolio to a German fund manager with $21 billion under management.

The Connecticut-based investment management firm has appointed the former CBRE and GE professional as its new chief financial officer. Angerthal spent nine years with various GE units, including GE Real Estate and GE Capital Corp.

MatlinPatterson co-founder Mark Patterson yesterday characterised today's economy as the most troubled since the period following the US stock market crash in 1929. Operational concerns are now second to broader financial markets considerations when conducting due diligence, he said.

Littlejohn & Co has moved chief financial officer Deborah Jorde to head of investor relations and fund marketing, and has hired Kenneth Warren of Quadrangle to replace her.

The private investment firm has repurchased the 70-store retail company, which includes souvenir and Harvey Davidson stores in Las Vegas and Atlantic City, after previously acquiring the company just five years ago.

The Danish fund manager has appointed former Schroder fund of funds executive, Marko Multas, to help lead investments from its second global vehicle, Sparinvest Property Fund II. Asia will be a larger focus for the fund, prompting the firm to hire Redevco Asia's Dr. Robert Lie as an adviser.

The San Francisco-based private equity real estate firm has acquired a for-sale condominium complex in Northern Virginia and renamed the complex ‘Carmel Vienna’.

As British bank Barclays snaps up Lehman’s core investment banking businesses, the fate of the bankrupt bank’s investment management division including its private equity and real estate portfolio has yet to be sealed.

The resignation of Phil Green as a non-executive director comes less than a month after he resigned his position as the firm’s CEO. The change comes amid ongoing strategic review and restructuring at the Australian infrastructure specialist.

The fall-out from the collapse of investment banking giant Lehman Brothers could have long-term implications on the real estate investing marketplace, according to private equity real estate professionals, but at the moment most investors are adopting a wait-and-see attitude.