News & Analysis

The chairman and co-founder of Equity International is considering selling the landmark headquarters of the Chicago Tribune for a reported $200m after buying the media company last year. The Los Angeles Times headquarters could also be sold by the real estate magnate.
Scott Nuttall, the head of KKR’s financial services group, will also oversee fundraising and broker-dealer activities, while Todd Fisher, co-founder of the firm’s London office, will fill a newly created role of chief administrative officer. Perry Golkin will narrow his investor relations activities.
The summer recess will give time for the government to refine its plans, which critics have said could lead to an industry exodus to more favorable neighboring jurisdictions.
The New York Common Retirement Fund, the third largest in the US, has made public recent commitments to CVC Capital Partners’s recently closed mega-fund and Leichtman Capital Partners mid-market fund, which is targeting $1bn.
The private equity real estate firm headed by Barry Sternlicht calls for greater personal responsibility towards the environment as he announces a $200m deal to develop a luxury sustainable condo-hotel on the Pacific coast.
The number of funds targeting less than $1 billion of equity commitments has increased by almost one fifth to 128 in the first quarter of this year, with managers’ focus firmly pointed towards Asian real estate, according to research by New York-based fund of funds Clerestory Capital Partners.
Indian development firm GMR Infrastructure will purchase AIG’s 50 percent stake in power generation company InterGen, while Ontario Teachers’ will continue to hold the remainder of the company it purchased with AIG in 2005.
Hong Kong tycoon Li Ka-shing’s firm will mainly focus on the main cities in China, Singapore, Hong Kong and Malaysia, but also look to Taiwan, Thailand and Vietnam. With leverage, ARA has a potential $5bn to invest.
CITIC CapitalLand Business Park Fund has closed on $72.5m, having raised money from domestic Chinese institutional investors. It is the first private equity real estate fund to be denominated in Yuan.
The US bank is on the fundraising trail again as a previous $1bn vehicle nears completion, according to a report.
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